Reuters: US Dollar Report: EBS Nov FX volume drops year over year, but climbs from October

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EBS Nov FX volume drops year over year, but climbs from October Dec 5th 2012, 14:06 NEW YORK | Wed Dec 5, 2012 9:06am EST NEW YORK Dec 5 (Reuters) - Average daily foreign exchange spot volume traded on the EBS trading platform in November dropped 28 percent from year-ago levels to $103.8 billion, parent company ICAP said on Wednesday. The average daily spot FX volume rose 12 percent month over month, the firm said. At its peak, EBS did more than $250 billion in daily volume in February 2008. EBS, which competes with Thomson Reuters in the FX dealing business, is the leading liquidity provider for the most widely traded currencies - the euro, yen and Swiss franc. Thomson Reuters is strong in so-called Commonwealth currencies that include the British pound as well as Australian, Canadian and New Zealand dollars.

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