EBS Forex Volumes Leap Amid US Election Volatility in November

[kreslik.news]

Leading interdealer broker ICAP Plc, soon to be named NEX Group Plc, has reported trading volumes on its electronic foreign exchange (FX) platform EBS for November 2016. The metrics showed an outperformance in the group’s leveraged foreign exchange (FX) trading volumes as markets reacted to considerable volatility set off by the U.S. presidential elections last month.

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More specifically, ICAP’s EBS currency-trading platform handled $114.6 billion daily in November 2016, constituting a jump of 37.0 percent MoM from just $83.8 billion in October 2016. The ... (read more)