EBS FX Volumes Climb in January Due to Volatility

by Jeff Patterson
  • EBS pared its recent volumes declines in January, which climbed double digits for the month.
EBS FX Volumes Climb in January Due to Volatility
Bloomberg
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ICAP, a UK-based voice and electronic dealer broker and provider of post trade risk services, has released its latest tranche of monthly statistics and volumes covering its electronic foreign Exchange (FX) platform EBS for the month of January 2017.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

EBS’ January 2017 FX volumes were pointed higher in the first month of the new year, coming in at $93.2 billion, which was good for a month-over-month gain of 24.6 percent from $74.8 billion in December 2016.

These volumes were boosted by a return of Volatility to currency markets following the seasonal slowdown in December. Moreover, the new administration of Donald Trump in the US also sparked movement across a number of markets in January.

Comparing this figure on a year-over-year basis, January 2017 volumes did incur a decline compared to January 2016, showing a retreat of -10.2 percent year-over-year from $103.8 billion.

Finally, ICAP’s US Treasury activity during January 2017 was also trending lower, specifically over a year-over-year basis. The latest reading showed a figure of just $178.5 billion in January 2017, lower by -12.0 percent than $202.9 billion in January 2016.

ICAP, a UK-based voice and electronic dealer broker and provider of post trade risk services, has released its latest tranche of monthly statistics and volumes covering its electronic foreign Exchange (FX) platform EBS for the month of January 2017.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

EBS’ January 2017 FX volumes were pointed higher in the first month of the new year, coming in at $93.2 billion, which was good for a month-over-month gain of 24.6 percent from $74.8 billion in December 2016.

These volumes were boosted by a return of Volatility to currency markets following the seasonal slowdown in December. Moreover, the new administration of Donald Trump in the US also sparked movement across a number of markets in January.

Comparing this figure on a year-over-year basis, January 2017 volumes did incur a decline compared to January 2016, showing a retreat of -10.2 percent year-over-year from $103.8 billion.

Finally, ICAP’s US Treasury activity during January 2017 was also trending lower, specifically over a year-over-year basis. The latest reading showed a figure of just $178.5 billion in January 2017, lower by -12.0 percent than $202.9 billion in January 2016.

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