Volumes at ICAP's EBS unit were up 3% from October, but at below $80B ADV times are slow at EBS.
ICAP is counting on new initiatives such as EBS Direct and its new SEF to revive forex revenues
ICAP's EBS losing ground to FXall and Thomson Reuters in the FX ECN business.
November FX trading volume data looking good so far...
Looks like October was slow in the FX trading world.
FX volumes rising nicely, but have a long way to go.
Low market volatility, losing market share to smaller competitors.
Forex ECNs each report fairly stable March volumes.
Continues trend of increasing FX volumes seen at ICAP and FXCM.