The battle for supremacy among the large FX ECNs is still in full swing, with Thomson Reuters combined average daily volumes having taken a dive compared with last month.
Across all of Thomson Reuters’ FX electronic trading platforms which include Matching, FXall and Thomson Reuters SEF, the company achieved a total of $344 billion in average daily volumes during July compared with $388 billion in June this year.
A recent development in terms of volume reporting from Thomson Reuters, is that the company now combines the daily average volume figures attained from its Matching, FXall and SEF divisions, publishing them as one homogeneous report.
In congruence with LeapRate’s prediction for a slightly more bullish June, Thomson Reuters’ results during last month were indeed higher than at any point this year, and indeed June’s figures represented the second highest since the end of 2012, however this was a short lived upturn, with July’s results proving by contrast to be the lowest this year so far.
