ICAP's Forex ECN unit EBS reports volumes of just $78.7 billion daily in August. The question for ICAP -- which after a strong start to the year for EBS volumes in January and February, has seen volumes drop off during an otherwise strong 2013 -- is whether this is just the summer doldrums, or an…
Read moreIs EBS losing market share to Thomson Reuters, FXall and Hotspot FX in the Forex ECN market? It doesn't always work this way, but it does appear as though institutional forex traders are on vacation this summer, while retail traders have remained at their screens this year. The question for EBS -- which after a…
Read moreEBS Internet Ai allows customers affordable access to the EBS forex market, without circuit fees or data center costs. Forex ECN EBS, a unit of futures broker ICAP, is introducing a lower cost version of its EBS Spot Ai, with EBS Ai protocols now available over the internet via EBS Internet Ai. The new EBS Internet…
Read moreAll of parent ICAP's electronic brokering businesses were up in June over May, although Forex saw the smallest increase at 2%. ICAP's Forex ECN unit EBS reported June FX trading volumes at $128.8 billion (average daily volume for the month), up 2% from May but down 6% from last year June. After two strong months…
Read moreKnight Capital Forex ECN unit sees volumes rise 14% in May to $33.7 billion per day. Completing a mixed month volume-wise for the Forex ECNs, Knight Capital (NYSE: KCG) Forex ECN unit Hotspot FX reported that its May volumes rose nicely to average $33.7 billion daily -- up 14% from April and up 19% from…
Read moreAll of ICAP's electronic brokering businesses slowed in May, except US Treasury trading, which was up a whopping 58%. ICAP's Forex ECN unit EBS reported May FX trading volumes at $126.0 billion (average daily volume for the month), down 2% from April and down 4% from last year May. After two strong months to start the…
Read moreHotspot FX had the largest April increase of any Forex ECN. Breaking a trend we saw with its larger rivals, Knight Capital's Hotspot FX reported that FX volumes rose 12% in April to $29.5 billion (average daily volume). Most of the other Forex ECNs which have reported so far -- EBS, FXall and Thomson Reuters,…
Read moreICAP saw revenues declines in all product groups, and across all geographies. Interdealer broker ICAP reported today its 2013 year end results (ICAP has a March 31 fiscal year end), and they weren't pretty. ICAP saw revenue declines across all of its business groups, including FX trading, and across all geographies. Overall, revenues were down…
Read morePayback for EBS hiring Integral's co-founder Viral Tolat earlier this year??? Integral Development Corp., a leading provider of FX trading solutions and services, announced today that David Faulkner has joined the firm as global segment head, banks. Mr. Faulkner spent 9 years at EBS in various roles, lastly as Manager of Prime Brokerage. (He had…
Read moreA nice month for EBS, after a slowdown in March. ICAP's Forex ECN unit EBS reported April FX trading volumes at $128.3 billion (average daily volume for the month), up 7% from March and up 17% from last year April. After two strong months to start the year, things slowed down at EBS in March,…
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