EBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has just published its monthly metrics for October 2015, adding to the overall picture displayed by the Forex industry so far: volumes last month lagged behind levels seen in September 2015 and were also down from exceptionally successful October 2014.
Average daily volumes at EBS amounted to $83.6 billion in October 2015, down 6% from the $89.4 billion in ADV registered in September 2015. The result was also down in annual terms, with the fall from October 2014 levels being 36%.
Looking at the fortunes of other market segments, we see that trading with US Treasuries volumes also staged a drop in monthly terms, with the result being down 4% from September 2015 levels. The annual comparison was gloomier, with the decrease reaching 27%.
US Repo and European repo volumes also fell in annual and monthly terms.
To view the official announcement from ICAP, click here.
