January's trend reversal was a one off event – growth continues to be stifled at the UK brokerage As we are getting the latest report from UK brokerage ICAP (LON:IAP) on volumes traded over its EBS platform the numbers are anything but disappointing. A total of $83.5 billion have shaken hands over the company’s electronic dealing…
Read moreStill markedly lower by more than a third from a year ago levels, best number since July According to data released by ICAP, volumes on their EBS platform have risen substantially from December marking the first substantial increase we have seen in a while. Traded forex volumes have reached $87.5 billion from $71 billion 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 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 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,…
Read moreHas EBS now lost its lead in the Forex ECN business to rivals Thomson Reuters and FXall? ICAP's Forex ECN unit EBS reported March FX trading volumes at $120.4 billion (average daily volume for the month), down 19% from February and down 2% from last year March. After two strong months to start the year, things slowed down at EBS in March.…
Read moreThe competitors in the Forex ECN business will jointly provide FX rate fixings in major currencies. In what seems like a move meant to fend off upstart bank-backed competitors such as ParFX and FastMatch, Thomson Reuters and ICAP's EBS unit have announced that they will jointly release 30-minute FX rate fixings. Currently, Thomson Reuters and…
Read moreAdds Mitsubishi UFJ and Nomura as liquidity banks. France's Tradition S.A. announced that two leading Japanese banking groups, Mitsubishi UFJ and Nomura, are joining nine other banks (Barclays, BNP Paribas, Deutsche Bank, Morgan Stanley, Royal Bank of Canada, SEB, Standard Chartered, State Street and UBS) in backing Tradition's yet-to-be-launched spot Forex ECN, to be called ParFX. Tradition had previously…
Read moreICAP's EBS losing ground to FXall and Thomson Reuters in the FX ECN business. With competitors showing mixed results in what is usually a slow December FX trading season, ICAP's EBS unit reported its lowest monthly volumes since 2005 (!!), at $91.8 billion (average daily volume) 12% off last month and 4% below last year…
Read moreNovember FX trading volume data looking good so far... After in October reporting its slowest trading month since 2005, and losing the #2 spot in the Forex ECN market to FXall, ICAP's EBS unit announced that November's daily FX volumes in November rose by 12% to average $103.8 billion. While nicely up over October, EBS's volumes…
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