ICAP’s EBS Trading Volumes Remain Solid in October 2016

[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 October 2016. The metrics mark an ascending figure for the second consecutive month, albeit only a fractional advance as markets remain locked in wait-and-see mode thanks to speculations over the Fed’s rate hike and US election.

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More specifically, ICAP’s EBS currency-trading platform handled $83.8 billion daily in October 2016, constituting a jump of 3.0 percent MoM from just $81.7 billion in September 2016. The latest ... (read more)