FXall sets another record for best-ever month, but ICAP’s EBS retains #1 Forex ECN crown.
A two-month rally in January-February FX trading volumes has continued, with FXall ($110 billion average daily volume) and its parent company Thomson Reuters ($137 billion) each reporting nice up-months (see charts below). Nevertheless, neither company could surpass the $149 billion daily volume posted by rival ICAP EBS.
We’ve also already seen nice February volume figures from some of the leading retail FX firms worldwide — Japanese market leader GMO Click reported an (amazing) record volume of $845 billion, and FXCM volumes totaled $491 billion, one of its best-ever months.
Fairly soon, we expect to see Thomson Reuters and FXall formally merge their respective FX businesses, under the management of the FXall team.
Looks like the LeapRate Retail FX Volume Index, sponsored by Leverate, is going to post another nice rise in February — stay tuned, still a few more data points to collect…
Forex Industry Report