ICAP’s EBS Platform Handled $240 Billion on Trump Victory Night

[kreslik.news]

Leading interdealer broker ICAP Plc, soon to be named NEX Group Plc, saw a huge $240 billion in trading volumes on its forex platform EBS as markets reacted to considerable volatility set off by the U.S. presidential elections on Wednesday. ICAP disclosed the figure in a trading update on Thursday.

Volumes on the London-based firm’s electronic foreign exchange platform were over two and a half times normal. Over the last 12 months, trades over the EBS platform averaged $90 billion each day.

ICAP also said in today’s update that as the first signs of Donald Trump’s victory in elections emerged, its electronic fixed-income trading platform ... (read more)