EBS trading soars on volatility
Global FX volume on EBS's spot platform was more than $175 billion that day, compared with average daily volume of $100 billion.
Euro/dollar saw a massive one-day move sinking from 1.2274 in the Tokyo trading session (12.30am London time, June 9) to 120.36 in New York trading (8.00pm London time). It was the largest drop in the euro on a trade-weighted basis since its inception.
Dollar/yen and other currencies were also erratic, as huge volatility triggered traders' stop-losses, said Tony
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