EBS part of the worlds largest inter-dealer broker ICAP has announced its trade volumes for the month of April. Daily trade volume in the worlds most liquid asset class stood at $109.7 billion for EBS.
Volumes have been choppy since the beginning of the year as market sentiment is still shaky with European government debt not taking any clear direction. The reduction in volumes could be due to the Easter break and general mood level in the city.
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EBS had record trading in last years summer of volatility, volumes reached a massive $183 billion a day in September 2011.
Traiana a leader in post trade processing is part of the ICAP group. Its CEo Gil Mandelzis took over the post of Chief Executive at EBS.
EBS competes with Reuters in the dealer to dealer market. EBS is a premier venue for USD based currency pairs.