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Screenshot of a breaking news alert e-mail from Q2 2017
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.
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.