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Thomson Reuters' FX trade down nearly 10% in June

Wednesday 11 July 2012

Daily spot foreign exchange trading volumes on Thomson Reuters dealing platforms fell more than nine per cent in June from a year earlier, company data showed on Wednesday. The average daily volume traded last month was $143 billion, seven per cent lower than in May when it totalled $154 billion.

A Thomson Reuters spokesman said the fall was because of investors’ concerns about uncertainty in the euro zone debt crisis.

The fall mirrored a decline at Thomson Reuters’ main rival interbank dealing platform EBS, where the volume of spot foreign exchange traded on the $4 trillion-a-day currency markets declined 21 per cent in June to $137.6 billion from $174.1 billion a year earlier.

Traders said competitor platforms including FXall, which Thomson Reuters said on Monday it would buy for $625 million, were picking up more business. ■

SOURCE
Reuters