Volumes at ICAP's EBS unit were up 3% from October, but at below $80B ADV times are slow at EBS. ICAP's EBS Forex ECN unit did not see a month below $120 billion trading (average daily volume) throughout the first six months of 2013. Since July, that figure has not been above $89 billion. November's…
Read moreGovernment shutdown leads to slow institutional trading month. Forex ECN EBS and derivatives marketplace CME Group each released October volume figures today, and they were scary low (from their perspective, of course). CME Group FX futures volumes decreased by 22% from September, and 9% from last year October, averaging 644,000 contracts per day --…
Read more... however that was off a weak August base. Year-over-year, EBS volumes are down 27%. Is this an indication of forex industry weakness during September, or indicative of problems specifically at ICAP and its EBS forex ECN unit? Our take? Probably a little bit of both. After August EBS volumes were at their lowest levels…
Read moreIs EBS losing market share to Thomson Reuters, FXall and Hotspot FX in the Forex ECN market? It doesn't always work this way, but it does appear as though institutional forex traders are on vacation this summer, while retail traders have remained at their screens this year. The question for EBS -- which after a…
Read moreHas EBS now lost its lead in the Forex ECN business to rivals Thomson Reuters and FXall? ICAP's Forex ECN unit EBS reported March FX trading volumes at $120.4 billion (average daily volume for the month), down 19% from February and down 2% from last year March. After two strong months to start the year, things slowed down at EBS in March.…
Read moreHas EBS recaptured its lead in the Forex ECN business over rivals Thomson Reuters and FXall? ICAP's Forex ECN unit EBS reported February FX trading volumes at $149 billion (average daily volume for the month), up 5% from January and up 18% from last year February -- but still below the above-$150-billion-per-day levels EBS saw throughout…
Read moreICAP EBS volumes soar 22%; CME Group's FX futures volumes up 21%. Two leading FX aggregators, ICAP's EBS division (spot FX ECN) and the CME Group (FX futures), reported very healthy January trading volumes. CME Group's FX futures volumes were up by 21% over last January (but just 9% over a surprisingly strong December) to average…
Read moreICAP's EBS losing ground to FXall and Thomson Reuters in the FX ECN business. With competitors showing mixed results in what is usually a slow December FX trading season, ICAP's EBS unit reported its lowest monthly volumes since 2005 (!!), at $91.8 billion (average daily volume) 12% off last month and 4% below last year…
Read moreNovember FX trading volume data looking good so far... After in October reporting its slowest trading month since 2005, and losing the #2 spot in the Forex ECN market to FXall, ICAP's EBS unit announced that November's daily FX volumes in November rose by 12% to average $103.8 billion. While nicely up over October, EBS's volumes…
Read moreFX volumes rising nicely, but have a long way to go. As we have seen with other FX product aggregators such as Thomson Reuters and the CME Group, volumes at Forex ECN ICAP-EBS saw a nice double-digit-percentage rise in September, but remain well below "normal" levels seen throughout last year. EBS's volumes rose by 17%…
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