EBS’ June Volumes Storm Higher after Brexit Fueled Volatility
Posted: Tue Jul 05, 2016 8:31 am
ICAP has released its trading volumes that encompassed its electronic foreign exchange (FX) platform EBS for the month ending June 2016. The exchange showed strong growth, snapping out of a recent downward consolidation that had lasted for the past four months, according to an ICAP statement.
EBS’ June 2016 FX volumes had been pointed lower since January 2016, though have now rebounded strongly, helped in large part by a boost in volatility induced by the Brexit vote at the end of last month. During June 2016, EBS’ FX volumes were disclosed at $97.4 billion daily, storming higher by a factor of 28.7% ... (read more)