Both the CME and Icap FX, as EBS is now known, reported strong volumes last week. The CME said that it had seen record volumes in its cable and Aussie futures last Friday and that June had got off to a great start, with average daily volume running at 775,214 contracts a day, worth a notional $93 billion. Similarly Icap reported that its electronic volumes had exceeded $1 trillion on two consecutive days in the first week of June, with EBS accounting for around a quarter of the total.
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