Thomson Reuters FX volumes rise 5 percent in June from May
LONDON, July 9
LONDON, July 9 (Reuters) - Daily spot foreign exchange trading volumes on Thomson Reuters dealing platforms rose in June from a month earlier, company data showed on Tuesday.
Average daily spot volumes were $147 billion in June, up from $140 billion in May and $143 billion in June 2012.
On FXall, the electronic foreign exchange platform purchased by Thomson Reuters last year, average daily volumes rose to $123 billion in June from $108 billion in May. Volumes were up 24 percent from June 2012 when they were $99 billion.
The company said June 26 saw the highest single day volume on FXall with $187 billion traded, adding that the jump in volumes across platforms was due to increased volatility in Chinese foreign exchange markets.
Earlier this month, EBS, which competes with Thomson Reuters in the FX dealing business and is owned by ICAP, said volumes rose by 2 percent in June. Volumes, though, were down 6 percent from a year ago.
EBS is the leading liquidity provider for the euro, the yen and the Swiss franc. Thomson Reuters platforms provide better liquidity for other currencies like the British pound and the Australian and Canadian dollars.