NEW YORK Jan 7 Daily spot foreign exchange
trading volumes on Thomson Reuters dealing platforms
fell 10.5 percent in December from a year earlier, company data
showed on Monday.
The average daily volume traded in December also dropped 8.1
percent from the previous month. Volumes traded declined to $102
billion, from $111 billion in November and $114 billion recorded
in December 2011.
Trading volumes at EBS, a platform owned by interdealer
broker ICAP Plc and a competitor to the Thomson Reuters
platform, fell 4 percent from year-ago levels to $91.8 billion.
Market players say low volatility in currency markets and
increased job cuts by banks across the globe have weighed on
trading volumes. Frustration with high-speed computer algorithms
operating on the major dealing platforms was also contributing
to the decline.
Thomson Reuters also publishes volumes on FXall since
completing the purchase of the electronic foreign exchange
platform in August.
Average daily volumes at FXall rose to $100 billion in
December from $79 billion a year ago and $95 billion in