ICAP’s EBS Volumes Rebound Strongly in March 2015

FX trading volumes on inter-dealer broker ICAP’s platform for electronic FX EBS have exploded in March 2015, reporting a figure of $114.5 billion, according to a recently released ICAP statement.

During the month ending March 2015, daily trading volumes on EBS surged 21.7% MoM to $114.5 billion from just $94.1 billion in February 2015. Across a yearly timeframe the figure was even more robust, undergoing a jump of 29.5% YoY from $88.4 billion in March 2014.

The recent surge in March snaps a brief decline in FX EBS volumes on ICAP’s platform. Indeed, February 2015 volumes underwent a -27.0% MoM decline from January. This figure now pales in comparison to strong March figures, helped in a large part by surges in Volatility propagated by the Federal Reserve’s musings of a summer rate cut.

In addition, the staunch flux of the EUR/USD pair likely contributed to the increased volumes – despite bottoming out near the 1.0400 handle last month, the EUR/USD marked fresh highs north of 1.10 on the back end of a wave of volatility that swept currency markets some weeks ago.