FX volumes traded on Thomson Reuters rise in September

Mon Oct 7, 2013 12:07pm EDT
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NEW YORK Oct 7 (Reuters) - Daily spot foreign exchange trading volumes on Thomson Reuters dealing platforms rose in September from a month earlier, company data showed on Monday.

Average daily spot volumes were $110 billion in September, up 3 percent from $107 billion in August but down 17 percent from $133 billion in the same period a year ago.

On FXall, the electronic foreign exchange platform purchased by Thomson Reuters last year, average daily volumes rose 14 percent to $111 billion in September from $97 billion in August. Volumes were up 6 percent from September 2012 when they were at $105 billion.

Earlier this month, EBS, which competes with Thomson Reuters in the FX dealing business and is owned by ICAP, said volumes rose by 3 percent to $81.2 billion in September from $78.7 billion in August.

EBS is the leading liquidity provider for the euro , the yen and the Swiss franc.

Thomson Reuters platforms provide more liquidity for other currencies like the British pound and the Australian and Canadian dollars.