LONDON May 15 Daily spot foreign exchange
trading volumes on Thomson Reuters fell to the lowest
since December last month while those on rival platform EBS were
down by almost half.
Daily volumes on ICAP-owned EBS, the main venue for
trading spot euros, yen and Swiss francs against the dollar,
fell 47 percent on the year to $68.5 billion. Those on Reuters
Matching, Dealing and Trading for FX fell to $90 billion from
$130 billion a year ago and $110 a month earlier.
Industry players say that a combination of low interest
rates across the developed world and an uncertain regulatory
environment have hammered volumes of trade in the spot foreign
exchange market over the past year.
Volatility on the main developed world currencies, which
tends to go hand in hand with volume and profit for traders, is
at long-term lows.
The big platforms have also been hit by the expansion of
smaller competitors such as KCG Hotspot and U.S.-based
commodities-dominated exchange CME.
Volumes on Thomson Reuters' buyside-focussed business, FX
All, rose 22 percent on the year to $132 billion. It was
unchanged from a month earlier.
(Reporting by Patrick Graham, editing by Anirban Nag/Jeremy