ICAP’s EBS sees FX volumes drop in July, second lowest ever

EBS, the electronic brokerage division of ICAP, has announced its trading volumes for July 2014, which depict a 8% fall back to $70.6B from June’s encouraging bump of $77B and breaks the short term  two month trend of volume gains from April’s YTD and all time lows. This figure coming in represents the 2nd lowest month on record besides April for EBS volumes.

A couple weeks ago LeapRate reported that ICAP will be shaking up EBS management roles as it seeks to make a comeback versus the Thomson Reuters owned institutional ECN FXall.



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