EBS Trading Volumes Plunge in March, Paring YTD Growth
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EBS Trading Volumes Plunge in March, Paring YTD Growth
ICAP has reported its trading volumes on its electronic foreign exchange (FX) platform EBS for March 2016, which for the second consecutive month marks a declining figure and by far its lowest performance of 2016 thus far, according to an ICAP statement.
More specifically, EBS’ FX volumes totaled just $83.7 billion daily in March 2016, constituting a decline of -18.4% MoM from $102.6 billion in February 2016 – the latest figures also shattered what had been a relatively narrow range of consolidation across EBS’s volumes over the past three months, which has now fallen below a $100.0 billion ... (read more)
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