Foreign Exchange Traders Make Market History

Banks and non bank professional FX traders transacted more than USD 266 billion in 132,338 deals across the ICAP owned EBS platform on Tuesday, making it the highest volume day in market history. Tuesday's record compares to the EBS average

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Banks and non-bank professional FX traders transacted more than USD 266 billion in 132,338 deals across the ICAP-owned EBS platform on Tuesday, making it the highest volume day in market history.

Tuesday’s record compares to the EBS average daily volume of USD 145 billion from counterparties trading in more than 45 countries. Trading activity was high across a range of currencies including the yen (JPY) and swiss franc (CHF) currency pairs.

“EBS is the facilitator for an orderly spot FX market, which was particularly apparent in yesterday’s volatile trading conditions,” comments Jack Jeffery, CEO of ICAP Electronic Broking. “Our volumes are an accurate reflection of overall market activity, and the EBS platform performed well throughout the day.”

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