EBS Spot FX Volumes up in April

EBS, a wholesale FX electronic trading provider has reported daily trading volumes for April; the platform which is traded among banks saw an increase of 7% MoM and a 17% increase YoY. The figures highlight the impact of volatile markets which have a direct correlation with volumes; 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 came on the back of the; Cypriot bailout issue, massive 1-day drop in Gold and the on-going war on currencies driven by the BOJ.

EBS’s Spot 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 average daily volume hit $128.3 billion. Trading volumes at the dealer to dealer portal have had a roller-coaster of a ride in 2013, data for March showed the portal dropped 19% to $120.4 billion a significant jump from February where volume hit a promising $149 billion.

EBS has been dictating new terms for trading in High Frequency markets; it initiated the change last year in the pricing structure moving to half pips and full pips in a selection of core FX pairs. In addition the provider examined the way orders are filled by; revising quote and hit fill ratio targets by creating a pair by pair policy. The changes were welcomed by users, Fred Boillereau, Global Head of FX & Commodities at HSBC said, “EBS’s focus on surveillance and enforcement is unique and a very important step in providing a platform that supports the long-term health of the FX market.”

During the doom and gloom of 2012, EBS saw its rival Reuters acquire FXall a leading ECN in the FX market space, thus creating a powerful tag team. The portal (EBS) has been making several changes to maintain its position as the leading executing venue.

The firm appointed former co-founder of Integral, Viral Tolat as their Chief Technology Officer. EBS CEO Gil Mandelzis said about the appointment, "With his unparalleled technology background and deep FX market knowledge Viral is a fantastic addition to the EBS team. His leadership will play a key role in ensuring EBS delivers on its commitment to providing EBS customers and the FX industry with innovative and cutting-edge solutions."