… however the Thomson Reuters / FXall combo seems to have overtaken EBS for leadership of the Forex ECN sector.
After setting volume records in June, Thomson Reuters FX and its still-separately-run subsidiary FXall have reported forex volume slowdowns in first July and now in August as well. Thomson Reuters FX came in at $107 billion daily in August, off 6% from July and down 7% from August last year. FXall recorded average daily forex volumes of $97 billion in August, down 5% from July’s $102 billion but still well ahead (+15%) of last year.
By comparison, we reported earlier that Thomson Reuters and FXall rival EBS has notched its lowest volumes ever (since reporting began in 2006) in both July and then August, dropping to less than $79 billion daily last month.