ICAP-EBS October FX volumes lowest since 2005
ICAP-EBS October FX volumes lowest since 2005 explained by professional Forex trading experts the “ICAP-EBS October FX volumes lowest since 2005” FX trading team.
ICAP-EBS October FX volumes lowest since 2005
After reporting an improved September following a very slow summer, ICAP plc’s forex ECN unit EBS reversed course and reported that daily FX volumes in October averaged only $92.6 billion — its slowest month since 2005.
Volatility has come back somewhat to the FX markets after a muted summer, but many traders — mainly institutional traders — have remained on the sidelines, awaiting the results of yesterday’s U.S. election before returning to put money to work.
With the U.S. election now behind us, and with a clear winner in hand, many in the industry believe that trading volumes will head back up in the coming months.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.
ICAP-EBS October FX volumes lowest since 2005 Conclusion
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