EBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has just added its voice to the chorus of companies reporting weak Forex volumes for November 2015. Trading volumes at EBS declined in monthly and annual terms, hitting their lowest level since July 2014, when average daily volumes amounted to meager $70.6 billion.
Average daily volumes at EBS amounted to $75.5 billion in November 2015, down 10% from the result of $83.6 billion registered in October 2015. The reading for November 2015 was also markedly down in annual terms, with the fall from November 2014 levels being 39%.
Looking at the performance of other market segments, we see that US Treasuries trading volumes declined (-4%) in monthly terms but rose (+6%) in annual terms.
US repo volumes staged rises from October 2015 and from November 2014 levels, whereas European repo volumes were up month-on-month and down year-on-year.
You can view the official announcement from ICAP by clicking here.
