FXall continues its climb, leading Forex ECN reports record March at $132bn ADV

FXall up positively in March 2014 to $132bn up from $110bn a year earlier in March 2013; records 8.2% jump from February

Reuters reported today that daily spot currency trading volumes on Thomson Reuters fell for a second month in March to $110bn, still showing improvement from long-term lows hit at the end of last year but down an average of $21 billion on a year ago.

Along with another major currency trading host, ICAP-owned EBS, the share of Thomson Reuters’ Matching service in the world’s biggest market has fallen in the face of competition from players such as Hotspot FX and commodities-dominated exchange CME.

Average volumes on EBS rose 6 percent on the month in March to $88.4 billion, but were also down 27 percent on a year earlier.

The fall-off in volumes on Thomson Reuters Matching has come at a time when activity on the company’s electronic platform for buyside customers, FXAll, is sharply higher. Daily volumes there rose by another $10 billion to $132 billion in March, up from $110 billion a year earlier.


(A bit of a downtrend to start the year for Thomson Reuters Matching)


(A nice steady trend of volume for FXall, and rising trend to start 2014)

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

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