FX volumes on EBS platform topped $200 billion on "Brexit" Friday

Published 2016-06-28, 12:21 p/m
© Reuters.  FX volumes on EBS platform topped $200 billion on "Brexit" Friday

LONDON, June 28 (Reuters) - Currency trading platform EBS
saw daily volumes at least double to top $200 billion on Friday
in the frenzied market reaction to Britain's shock decision to
leave the European Union, a source close to the company told
Reuters on Tuesday.
The source gave no further details. Volumes for the
ICAP-owned platform, the main venue for banks and other
institutions to trade the euro, yen and Swiss franc against the
dollar, compare to a daily average of $90 billion over past 12
months.
Spot trading in currencies on platforms owned by EBS's
competitor Thomson Reuters trebled to $258 billion on Friday,
said Thomson Reuters, amid sharp swings in the pound and other
major pairs after the results of the UK referendum.

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