FXall and Thomson Reuters post flat/lower volumes in March

…although Thomson Reuters retakes the #1 Forex ECN title back from ICAP EBS.

Continuing the mixed-results FX volumes trend for March we’ve seen so far at the CME Group and at ICAP EBS, Thomson Reuters and its FXall unit each reported ho-hum FX volumes results in March. Thomson Reuters was actually down 4% from February at $131 billion per day, and FXall was flat at its still-all-time-record of $110 billion per day.

However, with rival ICAP EBS down 19% in March, Thomson Reuters retakes the #1 Forex ECN title from EBS. The two firms are locked in a back-and-forth battle to lead the industry.

Fairly soon, we expect to see Thomson Reuters and FXall formally merge their respective FX businesses, under the management of the FXall team.

For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.

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