EBS, the electronic brokerage division of ICAP, has announced its trading volumes for June 2014, which depict a 5% increment over May’s figures.
Average daily volume (ADV) achieved during June this year within EBS amounted to $77 billion, compared with May’s $73.5 billion, which itself represented a 7.3% increase over April this year.
EBS made a sterling start to the year, with January having provided a very optimistic result, contrary to that experienced by many FX companies across the institutional and retail sector this year. The return to form at EBS is steady, however confirms LeapRate’s bullish prediction for June’s volumes across the board as trading activity slowly but surely begins to increase.
Despite being 40% down compared to June last year’s industry-wide stratospheric volume figures, June 2014’s ADVs show that EBS is on the right track as this year heads into its 2nd half.