ICAP registers 2% MoM drop in EBS trading volumes in April 2016
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Is Forex Trading Halal or Haram?
Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for April 2016, with trading activity on EBS slowing down further last month, following an already subdued March 2016.
Average daily volumes at EBS amounted to $82.3 billion in April 2016, down 2% from the reading of $83.7 billion registered in March 2016. March itself saw an 18% month-on-month drop in EBS trading volumes.
The annual comparison was gloomier, with the April 2016 ADV on EBS down 15% from April 2015 levels.
Across other market segments, it is worth noting that US Treasury, US repo and European repo volumes were all down in monthly terms. On an annual basis, US Treasury volumes were flat, whereas US repo and European repo staged declines of 3% and 4%, respectively.
Is Forex Trading Halal or Haram Conclusion
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