EBS volumes surge
So far, the credit crunch appears not have impacted on volumes in FX – whether or not that will change remains to be seen, but the pull-back of liquidity would suggest that volumes have the potential to drop off.
The market can’t be blamed for making hay while the sun shines. As well as the CME reporting record numbers, Icap says its average daily electronic broking volumes in March reached never-before-seen levels. Turnover on EBS was up 34% on March 2007, to a very robust $253.1 billion a day