EBS average daily volumes drop back by 5% in November

British conglomerate ICAP has today announced the trading volumes for the month of November 2014 for its electronic brokerage division EBS.

Whilst October’s volumes represented a huge leap forward in congruence with many FX companies across all segments of the business, trading activity had stabilized in November, with a further leap forward being absent, instead replaced by a 5% downturn in average daily volumes from $129.9 billion in October to $123 billion in November 2014.

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It is worthy of note that November’s results are still more than satisfactory for ICAP’s EBS division, as the company is still processing volumes well in access of the $100 billion mark on a daily basis, a milestone which was passed in September, a month in which the average daily volumes represented the first time that the firm had reported daily trading volume figures above $100 billion in over a year.

Viewing the figures reported by ICAP for EBS trading volumes on an annual basis, November’s $123 billion average daily volume is 55% higher than November 2013’s results, the twilight months of last year having marked the beginning of almost a year of low volumes across the entire FX industry.

Total trading volume for the month of November for the entire ICAP group was $694.1 billion, a 13% decrease from the $798.1 achieved in October 2014.

For the full announcement from ICAP, click here.

 

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