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Trading volumes on ICAP’s electronic foreign exchange (FX) platform EBS took a slight step backwards during February 2016, ultimately negating some of last month’s upbeat performance, according to an ICAP statement.
In particular, EBS’ FX volumes totaled $102.6 billion daily, representing a decline of less than -1.0% MoM from $103.8 billion in January 2016. This performance overall snaps EBS’ momentum, which just last month was firmly in the drivers seat to start off the New Year with surging volumes that allayed a weak Q4 for the platform.
Over a yearly timeframe however, EBS’s February 2016 figure of $102.6 ... (read more)