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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)