Continuing the string of weak volume reports for the month of February from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 13% MoM, coming in at $80.7 billion ADV.

Overall, February was a fairly weak month at NEX Group (formerly known as ICAP plc) with US Treasury volumes down 3%, US Repo trading off 6%, although European Repo activity was up 3%.