EBS Racks Up Record Forex Volume Proving Critics Wrong Over Volatility

DEALING & NETTING

Electronic Broking Service (EBS) reached an all-time high in daily volume this month, racking up a record 29,000 takes on July 16, the busiest day since the electronic matching service was launched nearly three years ago, officials say. The two following days continued the trend, averaging 20,000 takes on each day.

"One of the criticisms of electronic broking services is that they generally work fine when trading is fairly quiet, but when trading gets volatile, traders say its not the same as