Crisis a boon to spot brokers, volumes up 60%
The Icap-owned platform saw volumes reach $214.9 billion, up from $134.3 billion in May last year. On May 6, trading volumes reached $393.1 billion as disrupted services from larger dealers drove clients to the broker (FX Week, May 10).
David Rutter, deputy chief executive at Icap Electronic Broking, said that, against the backdrop of volatile spot foreign exchange, EBS continued to generate momentum and act as the go-to centre for liquidity. “In FX, we are also seeing increasingly active
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