NEX Markets’ EBS Volumes Soar in May, Snap Recent Weakness

[kreslik.news]

FX and U.S. Treasury trading volumes picked up in May 2018 as the steady ‎‎appreciation in US dollar coincided with the continued uptick of 10-year U.S. ‎‎yield which reached 3.12 percent, its highest level in nearly seven years.

Daily volume in spot foreign exchange on NEX’s EBS platform, one of the ‎‎largest FX institutional trading platforms, averaged $101.3 billion last month, the highest since February and ‎‎up 25 percent from a year earlier. On a month-over-month basis, the figure ‎‎is also 21 percent higher from $83.4 billion daily reported during April 2018, ‎‎data released by NEX Group plc showed ... (read more)