EBS volumes fall to another record low in October
Trading volume on the EBS platform hit another record low in October, as the foreign exchange industry continues to struggle with the effects of low volatility in major currencies. EBS's average daily spot volume for the month fell to $77 billion, down 5% month-on-month and 17% year-on-year.
"Forex volumes across the market have been depressed, due to subdued volatility," says a spokesperson for interdealer broker Icap, which owns EBS. "An environment where there has been little movement in the
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