FXall and Thomson Reuters see slight April drop in FX volumes
FXall and Thomson Reuters explained by professional Forex trading experts the “FXall and Thomson Reuters” FX trading team.
FXall and Thomson Reuters
Continuing the mixed-results FX volumes trend for April we’ve seen so far at the CME Group (down 16%) and at ICAP EBS (up 7%), Thomson Reuters and its FXall unit each reported ho-hum FX volumes results for the month. Thomson Reuters was down 1% from March at $130 billion per day (keeping it marginally in the Forex ECN lead ahead of EBS’s $128 billion in April), and FXall was off 2% from its all-time-record March volumes at $108 billion per day.
FXall was also named recently as Euromoney’s top-ranked multi-dealer FX platform, in Euromoney’s annual FX survey. FXall came in with a market share of 26.1%, a sharp rise from 21.7% last year. Not sure how that happened — we don’t doubt FXall’s rise in the standings the past two years, but volume-wise it is still well behind EBS and parent Thomson Reuters.
The results of the Forex ECNs (and futures market CME) contrast with the knock-the-cover-off-the-ball record volumes in April we have reported for major retail brokers such as FXCM (best-ever $549 billion) and GMO Click in Japan (a whopping $913 billion).
Are the large retail brokers taking away business from the ECNs? FXCM did see a record $183 billion of institutional volume in the numbers it reported. Stay tuned to LeapRate…
FXall and Thomson Reuters Conclusion
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