ICAP plc Reports November EBS Foreign Exchange Volumes Lower by 5%

According to a regulatory filing by ICAP plc (LON:IAP), foreign exchange trading volumes transacted through the company’s EBS platform have dropped by 5% on a monthly basis after .

The firm’s FX business has been benefiting from increased volatility across the forex market since late August and, while marking the first monthly decline since July, the figure remained 55% higher when compared to a year ago.

EBS Daily Volumes, $ bln, single count

The company’s other electronic trading businesses also registered monthly declines with US Treasuries dropping 34% when compared to the previous month, while US and European repo market activity dropped by 5% and 7% respectively.

With the final trading month of the year usually being less volatile, there is still a slew of potential market moving factors which could bring more trading activity going forward.


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