Investment banking volumes were up in October, with equity capital markets (ECM) and mergers and acquisitions (M&A) leading the way, gaining 26% and 76% respectively this month. Debt capital market volumes fell 11%, but they are still up for the quarter after a strong September, according to UBS analysts Daniele Brupbacher and John-Paul Crutchley. Investment banking: EMC gains driven by IPOs ECM gains were driven by IPOs, which were up 213%, and “year-to-date total ECM volumes are 21% higher than in the same period last year and we see upside risks from here based on the ECM pipeline,” write Brupbacher…