ICAP-EBS October FX volumes lowest since 2005

Looks like October was slow in the FX trading world.

After reporting an improved September following a very slow summer, ICAP plc’s forex ECN unit EBS reversed course and reported that daily FX volumes in October averaged only $92.6 billion — its slowest month since 2005.

Volatility has come back somewhat to the FX markets after a muted summer, but many traders — mainly institutional traders — have remained on the sidelines, awaiting the results of yesterday’s U.S. election before returning to put money to work.

With the U.S. election now behind us, and with a clear winner in hand, many in the industry believe that trading volumes will head back up in the coming months.

For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.

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