The company says that its busiest day in the quarter was February 10, when more than $191 billion was traded. This figure was reached by a total of 102,000 transactions, meaning that the average deal size on EBS has fallen below $1.9 million.
Players are attributing the continuing growth in the market to the increasing use of algorithms, which is resulting in smaller ticket sizes going through. Alan Fletcher, director of FX and bullion at Oanda, says: “We saw a 40% increase in the first quarter over 2005. What’s encouraging is that there seems to be a whole new class...
