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Turns out that FXall had an up month, and has clearly assumed the leadership of the Forex ECN sector
Mistakes do not happen frequently but they happen to the best too. As it turns out volumes at the top FX liquidity provider owned by Thomson Reuters, FXall, have been misreported by the company. Average daily volumes within the subsidiary have in fact risen 2.8% in December which is historically one of the slowest months, to $111 billion, which matches the second highest number for 2013 reported in September.
Thomson Reuters had earlier reported that FXall volumes were down 7% in December to $100 billion. Oops. Even leading data providers like Thomson Reuters can make mistakes about their own data.
This number can only serve as proof that the service is getting broader recognition and it is cementing the leadership position that the Thomson Reuters division has gained. Volumes have steadily risen by almost 18% over 2012 and the service has continuously surpassed its parent company’s performance over the second part of the year.
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