EBS November volumes rebound after worst month ever
Average daily volumes (ADVs) on EBS, Icap’s electronic FX trading platform, rose in November after hitting an all-time record low in October.
EBS November ADVs were $103.8 billion at the end of November, 12% higher than October’s figure of $92.6 billion. However, year-on-year, EBS ADVs in November remained down 28%.
EBS November Average Daily Volumes ($billion)
EBS’s record-low October ADVs were the lowest level of activity on the platform since Icap acquired EBS in 2006. Overall, ADVs on EBS in October dropped by more than 60% since peaking at $253 billion in March 2008. Since then, EBS has lost its position as the world’s largest FX trading venue to Thomson Reuters.