EBS Market, the anonymous central limit order book from ICAP (LON: IAP) today reported volumes for May 2016 coming in $72.6bln, down 11.8% from April's $82.3bln. Volumes were also down YoY from May 2015's $95.9bln, good for a 24.2% decline. Most of the industry as reported here on LeapRate had a lackluster May in terms…
Read moreEBS BrokerTec, the electronic Forex and fixed income business of ICAP plc (LON:IAP), announces today the launch of 12 new daily WMR fixes through the eFix Matching solution, which has enjoyed exponential growth recently, with January 29th, 2016 setting a record for matching. The initial 12 WMR hourly fixes to be added will be 7:00,…
Read moreWith the International Monetary Fund (IMF) today formally voting to include China's currency in its benchmark SDR currency basket, effective next October, we are pleased to share with LeapRate readers the views expressed by Darryl Hooker, Global Co-Head of EBS BrokerTec, the electronic FX trading arm of interdealer broker ICAP plc (LON:IAP). Mr. Hooker notes: Today’s decision…
Read moreOverall revenues for the quarter from April 1, 2015 to June 30, 2015, fell 1% year-on-year, but revenues generated by the Electronic Markets segment rose 6%.
Read more"The addition of Metallinvestbank and Standard Bank help to expand and reinforce EBS Direct's position in emerging market currencies and we look forward to working with them to provide greater pricing options for our customers" - Jeff Ward, Global Head of EBS Direct
Read moreAverage daily volumes recorded by ICAP's EBS electronic Forex platform amounted to robust $100.8 billion in June 2015, up 5% in monthly terms and up 31% in annual terms.
Read moreMay 2015 seems to be a sluggish month for institutional Forex, as ICAP's EBS daily volumes amounted to humble $95.9 billion, showing little change from April.
Read moreSix months after ICAP announced it will merge the electronic businesses, the combination of their operations marks significant progress and a new brand with a dedicated website is launched.
Read moreIn the face of market challenges, ICAP's electronic Forex trading platform EBS saw revenues rise to £124 million in the year to March 31, 2015.
Read more“FX Outrights and Swaps are a very significant part of the market in which EBS has never participated. This launch is an exciting and material addition for EBS – now a multi-product FX service provider – and the latest introduction of many new initiatives and services that we will launch in 2015 and 2016" - Gil Mandelzis, CEO of EBS-BrokerTec
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