ICAP’s EBS Volumes on the Uptick MoM in June 2015

ICAP reported its EBS electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) volumes for the month ending June 2015, which showed a healthy growth over May’s figures, according to an ICAP statement.

Last month, the trading volumes on the ICAP’s EBS electronic FX trading platform remained more or less flat in May, declining about 1% to $95.9 billion daily.

For the month ending June 2015 however, volumes managed to swell to $100.8 billion daily, good for a 5.1% growth MoM from $95.9 billion daily in May 2015. Across a yearly timeframe however, this performance was even more robust, notching a 26.6% YoY from $79.6 billion in June 2014.

Furthermore, US treasuries trading saw a slight uptick in trading as well, rising 2.6% MoM during June 2015 to an ADV of $188.9 billion, vs. a figure of $184.2 billion in May 2015. Measured against last year, the latest figure also shows a 13.8% growth from $166.0 billion in June 2014.

The methodical growth in June’s volumes from last month helps underscore the dynamic climate in the FX market currently, which is grappling such marquee issues as the pricing of a Federal Reserve rate cut and the potential political and economic ramifications of a Greek schism with Europe.

Earlier this week, ICAP tapped Jenny Knott as its newest Chief Executive Officer (CEO) of Post Trade Risk and Information Services. Ms. Knott joined ICAP after working at a number of leading financial services groups.