EBS April ADV -23% from $88.4B in March to $68.5B, down $19.9B MoM, as FX Takes Hit
- Trading volumes in April appear to have taken the hardest hit in recent months, for ICAP's staple electronic broking system, FX was hit the hardest down 47% YoY, while electronic volumes overall fell 9% over March.
EBS, the electronic brokering system operated by ICAP, volumes plummeted by 22.5% during the month of April 2014, when compared to the prior month when March's totals stood at $88.4 billion, as covered by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.
This drop of nearly $20 billion, almost a quarter of March's total, reflects the downward trend of volumes that have already been reveled by a number of firms for the month of April, as data continues to come through for last month.
For EBS, this change is even worse from a year-over-year perspective, where comparatively volumes on EBS are 47% lower than April 2013 when the platform experienced $128.3 billion in average daily trading volume.
Trading volumes during the month of April in Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term are well off their highs of last April when FX volumes were said to have peaked, as revealed in the latest BIS triennial survey of central banks using April 2013 data.
A copy of reported volumes, including across the platforms treasury and repo's electronic business can be seen in the graphic below excerpted from the official EBS press release from ICAP:
![EBS April 2014 Trading Volumes, and comparisons to April 2013, and March 2014 totals. [Source: ICAP]](https://www.financemagnates.com/wp-content/uploads/fxmag/2014/05/EBS-April-2014.jpg)
EBS April 2014 Trading Volumes, and comparisons to April 2013, and March 2014 totals. [Source: ICAP]
The news follows a synergy announced earlier in April to combine voice broking capabilities with electronic access for a new eFix matching product for daily fixings.
EBS, the electronic brokering system operated by ICAP, volumes plummeted by 22.5% during the month of April 2014, when compared to the prior month when March's totals stood at $88.4 billion, as covered by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates.
This drop of nearly $20 billion, almost a quarter of March's total, reflects the downward trend of volumes that have already been reveled by a number of firms for the month of April, as data continues to come through for last month.
For EBS, this change is even worse from a year-over-year perspective, where comparatively volumes on EBS are 47% lower than April 2013 when the platform experienced $128.3 billion in average daily trading volume.
Trading volumes during the month of April in Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term are well off their highs of last April when FX volumes were said to have peaked, as revealed in the latest BIS triennial survey of central banks using April 2013 data.
A copy of reported volumes, including across the platforms treasury and repo's electronic business can be seen in the graphic below excerpted from the official EBS press release from ICAP:
EBS April 2014 Trading Volumes, and comparisons to April 2013, and March 2014 totals. [Source: ICAP]
The news follows a synergy announced earlier in April to combine voice broking capabilities with electronic access for a new eFix matching product for daily fixings.