International Capital Markets Pty Ltd (IC Markets), Australia’s largest True ECN Foreign Exchange provider reports record trading volumes of 188 billion USD for the month of November, including 16.5 billion USD on the day of the US election. The main driver for the record volumes is the Company’s strong domestic growth and an uptick in volatility.
According to the latest industry research from Finance Magnates, monthly volume of 188 billion USD makes IC Markets the largest Australian owned and operated entity and places the company just outside the top five brokers globally.
IC Markets Managing Director, Andrew Budzinski said: “2016 has been the biggest year on record for the company. Closing out the year on record volumes is testament that our strategy of focusing on the domestic market and customer service is paying off”.
The Company is best known for its True ECN model and having the lowest spreads in the market. The True ECN model is fast becoming the preferred solution for traders of all skill levels.
Andrew Ralich, the CEO of oneZero Financial, the Company’s primary execution and connectivity provider added: “IC Markets has been an incredible growth story and is a client that we are extremely proud to have partnered and developed with over the last few years. The volumes that we see today through ICM's oneZero Hub are a testament to their commitment to focusing on quality liquidity, execution and client relationship management. We are looking forward to continuing to work side-by-side with Andrew and his team to support another year of expansion in 2017”.
About International Capital Markets Pty Ltd (IC Markets).
Sydney headquartered International Capital Markets Pty Ltd is Australia’s largest True ECN Foreign Exchange provider. IC Markets is the industry leader, distinguishing itself with unique True ECN forex technology, proprietary tools and services, and a remarkable focus on customer service. IC Markets is regulated by the Australian Securities and Investments Commission in Australia (AFSL 335692).
Forex and CFD trading may not be suitable for everyone so please ensure that you fully understand the risks involved. Please consider IC Markets PDS available from IC Markets before entering into any transaction with us.
For further information, visit www.icmarkets.com or contact IC Markets by telephone on: +612 8014 4280.