ICAP’s EBS daily volumes register 1% MoM decline in May 2015

ICAP plc (LON:IAP), an expert in electronic markets and global broking, earlier today reported its operating metrics for May 2015, with the month showing little change in Forex volumes compared to results seen in April 2015.

Average daily FX volumes at EBS, ICAP’s electronic Forex brokerage division, amounted to $95.9 billion, lower by 1% from the lackluster result of $96.9 billion recorded in April 2015 and lagging substantially behind the $114.5 billion registered in March 2015.

The May 2015 result was markedly better, however, than the $94.1 billion registered in February 2015, when low volatility and the consequences of the Swiss franc turmoil weighed on Forex trading.

For those who are interested in annual comparisons, as they are cleaner from seasonal factors, let’s mention that EBS volumes in May 2015 were quite robust compared to May 2014. They were 30% ahead of the $73.5 billion average daily FX volumes registered in May last year.

Talking of annual comparisons, let’s also mention that US repo volumes in May 2015 were up 9% year-on-year, totaling $217 billion per day on average. EU repo volumes saw a 24% year-on-year drop, but US treasury volumes rose by robust 13% from May 2014, standing at $184.2 billion per day.


You can check out ICAP’s latest volumes data by clicking here.

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