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
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.
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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 earlier this week, however on the retail font; Japanese firm GMO CLICK reported healthy volumes.
Is the new matching algorithm with randomization already live on EBS? Did this have an impact on volumes?
Is the new matching algorithm with randomization already live on EBS? Did this have an impact on volumes?
EBS doing many good changes last time, sure to see great results soon!
EBS doing many good changes last time, sure to see great results soon!