EBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has just reported its monthly metrics for September 2015, adding to the overall picture displayed by the FX industry so far: trading activity last month lagged behind the robust results seen in August 2015, when high market volatility helped trading volumes grow.
Average daily volumes at EBS amounted to $89.4 billion in September 2015, down 11% from the $100.3 billion in ADV registered in August 2015. The result was also down in annual terms, with the fall from September 2014 levels being 24%.
Examining the fortunes of other market segments, we see that trading with US Treasuries volumes also staged a drop in monthly terms. European repo and US repo volumes, however, managed to register a rise when compared to August 2015.
The annual comparisons were negative for all market segments. US Treasury average daily volumes fell 7% against September 2014, whereas US repo and European repo volumes saw drops of 13% and 2%, respectively.
To view the official announcement about ICAP’s electronic markets volumes for September 2015, click here.