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ICAP has reported its aggregated trading volumes across its electronic foreign exchange (FX) platform EBS for the month ending May 2016 – the results showed a continuation of the venue’s declining volumes, which have now fallen in four consecutive months, according to an ICAP statement.
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EBS’ May 2016 FX volumes come amidst a recent downtrend that began in January 2016. Since then, each successive month has seen a fall off of a high of $103.8 billion – ... (read more)