ICAP’s EBS volumes mark 1% MoM drop in February 2016
ICAP’s EBS volumes mark 1% MoM drop explained by professional Forex trading experts the “ICAP’s EBS volumes mark 1% MoM drop” FX trading team.
ICAP’s EBS volumes mark 1% MoM drop
Following a very strong January, markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) reported a decline in trading volumes on its EBS Forex platform during February 2016.
Average daily volumes at EBS amounted to $102.6 billion in February 2016, down 1% from the January 2016 reading of $103.8 billion. In annual terms, the comparison is better, as the ADV for February 2016 is 9% higher than in February 2015.
Looking at other market segments, we can note the continued increase in US Treasury volumes. These were up 3% on a monthly basis and up 14% on an annual basis.
US Repo volumes rose 5% month on month and fell 5% year on year, whereas European Repo volumes rose 2% in monthly terms and remained unchanged from a year earlier.
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