Average daily spot FX trading rose 15% y/y in August on Thomson Reuters’ platform. That probably not an accurate reflection of the industry because EBS, which competes with Reuters in FX dealing, reported a 18% y/y decline last week. Generally Thomson Reuters dominates volume in Commonwealth currencies while EBS runs the show on the rest.
So far this year, volumes have been strong in FX. August numbers are always a mixed bag and this year was a drag because of the lack of news or trends.
