EBS FX Volumes Dip 30% in July

Friday, 02/08/2013 | 14:20 GMT by Adil Siddiqui

Inter-dealer FX broker, EBS, saw a 30% decline in trading volumes for the month of July. The summer trading session usually sees lower trading volumes in the institutional market due to the vacation period.

EBS, one of the world’s most liquid dealing portals in the currency markets has published July trading volumes. The firm reported massive declines from volume traded in June. The average daily trade volume for July was $89.3 billion a decline of 30.6% from a month earlier where the firm traded an average of $128.8 billion a day.

Total trading volume across all asset classes including FX and fixed income for the month stood at $681.9 billion, 20% below June’s figure of $851.9 billion.

The $100 billion a day mark is an important psychological level when assessing trading volumes. July volumes come as a setback for EBS who last year lost its second place position to competitor FXall (October 2012).

2013 has been an impressive year for the FX markets and EBS has managed to perform above the $120 billion in ADV for the first 6 months of the year. EBS dropped below the $100 billion mark once in 2011 and 3 times last year.

The 30% reduction comes in line with figures reported by Japan's main derivatives Exchange earlier this week, however on the retail font; Japanese firm GMO CLICK reported healthy volumes.

Total trading volume across all asset classes including FX and fixed income for the month stood at $681.9 billion, 20% below June’s figure of $851.9 billion.

The 30% reduction comes in line with figures reported by Japan's main derivatives Exchange earlier this week, however on the retail font; Japanese firm GMO CLICK reported healthy volumes.