Trading activity at ICAP plc (LON:IAP) electronic brokerage subsidiary EBS increased by 24% in January compared to December 2014, with an average daily volume for the month of $129.6 billion.
The firm completed 2014 with a 15% decrement in December compared with November’s volumes, whilst EBS maintains level pegging with Thomson Reuters’ direct rival FXall in terms of trading volumes on a monthly basis, and certainly no cause for concern as December’s average daily volumes remained over $100 billion despite the lower figure than that of November.
Total electronic brokerage activity for ICAP during January stood at $742.8 billion, which is 10% higher than the $677 billion achieved in December 2014.
EBS weathered the Russian ruble liquidity shortages of December remarkably well, and has begun this year with the launch of a new integrated trading platform, thus is well positioned to head into the middle of the first quarter of 2015 on a steady footing.
For the official announcement from EBS, click here.