Thomson Reuters forex trading volume lower

Analysts said the drop signified a return to the lower volumes experienced during the summer months, which were a period of stagnation for many firms and exchanges in the forex business.

Fierce competition between Thomson Reuters FXall and its rival EBS electronic brokerage division continued, with both firms performing very similarly in terms of average daily order flow.

In December, average daily volumes at EBS were $105.4 billion, an almost identical figure to that of FXall, a dynamic which is ever present on a monthly basis, with EBS’s percentage decline in December having been 15 per cent, compared with Thomson Reuters’ 12 per cent decline. ■