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Screenshot of a breaking news alert e-mail from Q2 2017
EBS Market, the anonymous central limit order book from ICAP (LON: IAP) today reported volumes for May 2016 coming in $72.6bln, down 11.8% from April’s $82.3bln. Volumes were also down YoY from May 2015’s $95.9bln, good for a 24.2% decline.
Most of the industry as reported here on LeapRate had a lackluster May in terms of volumes produced. The volumes in this particular case on EBS were the lowest seen since the summer lull of 2014 when July 2014 volumes came in at $70.6bln (see chart above). Could we possibly be headed for a pronounced summer slowdown in trading activity, after last summers stellar metrics?
For all historical volume on EBS click here.