Trading levels show growth of forex as asset class
Icap-owned spot-broking platform EBS reached average daily volumes of $182 billion in 2007, an increase of 28% on $143 billion in 2006. The broker said volatility in the currency markets and increased algorithmic trading activity continued to drive the growth of FX as an asset class.
Icap also made enhancements to the EBS system last year, including processor upgrades and more complex streaming data feeds, resulting in faster average deal times, the broker said. Average deal times fell by 72% in
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