EBS FX Volumes Dip 30% in July
- Inter-dealer FX broker, EBS, saw a 30% decline in trading volumes for the month of July. The summer trading session usually sees lower trading volumes in the institutional market due to the vacation period.
EBS, one of the world’s most liquid dealing portals in the currency markets has published July trading volumes. The firm reported massive declines from volume traded in June. The average daily trade volume for July was $89.3 billion a decline of 30.6% from a month earlier where the firm traded an average of $128.8 billion a day.
Total trading volume across all asset classes including FX and fixed income for the month stood at $681.9 billion, 20% below June’s figure of $851.9 billion.
The $100 billion a day mark is an important psychological level when assessing trading volumes. July volumes come as a setback for EBS who last year lost its second place position to competitor FXall (October 2012).
2013 has been an impressive year for the FX markets and EBS has managed to perform above the $120 billion in ADV for the first 6 months of the year. EBS dropped below the $100 billion mark once in 2011 and 3 times last year.
The 30% reduction comes in line with figures reported by Japan's main derivatives 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 earlier this week, however on the retail font; Japanese firm GMO CLICK reported healthy volumes.
EBS, one of the world’s most liquid dealing portals in the currency markets has published July trading volumes. The firm reported massive declines from volume traded in June. The average daily trade volume for July was $89.3 billion a decline of 30.6% from a month earlier where the firm traded an average of $128.8 billion a day.
Total trading volume across all asset classes including FX and fixed income for the month stood at $681.9 billion, 20% below June’s figure of $851.9 billion.
The $100 billion a day mark is an important psychological level when assessing trading volumes. July volumes come as a setback for EBS who last year lost its second place position to competitor FXall (October 2012).
2013 has been an impressive year for the FX markets and EBS has managed to perform above the $120 billion in ADV for the first 6 months of the year. EBS dropped below the $100 billion mark once in 2011 and 3 times last year.
The 30% reduction comes in line with figures reported by Japan's main derivatives 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 earlier this week, however on the retail font; Japanese firm GMO CLICK reported healthy volumes.