EBS forex volumes rise 22 pct in March

April 7, 2015 9:54 AM

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LONDON, April 7 (Reuters) - Foreign exchange spot volumes on the EBS platform rose back above $100 billion a day in March, up by 22 percent from February and by 30 percent from a year ago, helped by another handful of big swings in major currency rates.

Trading on EBS, the main venue for banks and other major institutions to trade the euro, yen and Swiss franc against the dollar, have recovered since hitting a daily average of $70.6 billion last July, the lowest in the decade of data that parent company ICAP provides on its website.

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