Continuing the healthy-June-FX-volumes trend we have seen from a number of both retail and institutional eFX platforms, interdealer broker ICAP plc (LON:IAP) has reported that Forex volumes at its EBS subsidiary were up 29% MoM from May to average $97.4 billion per day in June.
We’d note that May volumes at EBS were their lowest in about two years.
The $97.4 billion ADV figure, however, is still below the $100B+ levels EBS was seeing earlier this year in January-February, and was below last year June’s $100.8 billion. From late 2014 through mid 2015 EBS was consistently above $100 billion ADV, but has seen a decline in activity since that period as other alternative platforms such as FastMatch and FXSpotStream continue to gain market share in the institutional eFX sector.
