ICAP plc Reports November EBS Foreign Exchange Volumes Lower by 5%
- As volatility on the foreign exchange market stabilized, the activity on ICAP's EBS platform stagnated, dropping by 5% in November and marking the first monthly volumes decline since July, remaining 55% higher YoY.
According to a regulatory filing by ICAP plc (LON:IAP), foreign exchange trading volumes transacted through the company's EBS platform have dropped by 5% on a monthly basis after announcing its highest volumes number this year in October.
The firm's FX business has been benefiting from increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across the 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 market since late August and, while marking the first monthly decline since July, the figure remained 55% higher when compared to a year ago.
EBS Daily Volumes, $ bln, single count
The company’s other electronic trading businesses also registered monthly declines with US Treasuries dropping 34% when compared to the previous month, while US and European repo market activity dropped by 5% and 7% respectively.
With the final trading month of the year usually being less volatile, there is still a slew of potential market moving factors which could bring more trading activity going forward.
According to a regulatory filing by ICAP plc (LON:IAP), foreign exchange trading volumes transacted through the company's EBS platform have dropped by 5% on a monthly basis after announcing its highest volumes number this year in October.
The firm's FX business has been benefiting from increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across the 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 market since late August and, while marking the first monthly decline since July, the figure remained 55% higher when compared to a year ago.
EBS Daily Volumes, $ bln, single count
The company’s other electronic trading businesses also registered monthly declines with US Treasuries dropping 34% when compared to the previous month, while US and European repo market activity dropped by 5% and 7% respectively.
With the final trading month of the year usually being less volatile, there is still a slew of potential market moving factors which could bring more trading activity going forward.