The summer is obviously taking its toll on trading activity, as most Forex companies have so far reported declines in trading volumes for July 2015. EBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has added its voice to this chorus by posting a drop in trading volumes when compared to June 2015 levels.
Average daily volumes at EBS amounted to $82.1 billion in July 2015, down 19% from the $100.8 billion registered in June 2015, but up 16% from the result registered in July 2014.
Looking at other market segments, we see that trading with US repo, European repo and US Treasuries also staged a drop in monthly terms.
US Treasury average daily volumes managed to register a rise of 14% in annual terms, reaching $161.5 billion in July 2015. US repo and European repo markets, however, marked a drop in turnover in annual terms.
To view the official announcement by ICAP on its operating metrics for July 2015, click here.