EBS November ADVs were $103.8 billion at the end of November, 12% higher than October’s figure of $92.6 billion. However, year-on-year, EBS ADVs in November remained down 28%.
| EBS November Average Daily Volumes ($billion) |
EBS’s record-low October ADVs were the lowest level of activity on the platform since Icap acquired EBS in 2006. Overall, ADVs on EBS in October dropped by more than 60% since peaking at $253 billion in March 2008. Since then, EBS has lost its position as the world’s largest FX trading venue to Thomson Reuters.