Tech briefs
EBS reports record trading week
EBS has reported that the start of 2005 saw the busiest FX trading week in the organisation’s 11-year history.
The interbank broker reported average volumes exceeding $162 billion per day for the first trading week of 2005 on the EBS Spot Dealing System. This is a 21% increase on the $133 billion average daily volumes for the first week of 2004. The first week of 2003 saw volumes of over $103 billion.
Total trading volumes for the week from January 2–7 2005 exceeded
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