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Foreign Exchange

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. 

This article was originally published by Euromoney FX News.

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