FXall hits the $100 billion-per-day mark for just the second time ever.
For the second month in a row, we see divergent results from Thomson Reuters (volumes down 8%) and its recently-acquired subsidiary FXall (volumes up 5%) in December. And with FXall hitting (exactly) the $100 billion-per-month volume level for just the second time ever, FXall has cemented its position as the #2 Forex ECN (behind parent Thomson Reuters), ahead of rival ICAP-EBS.
Thomson Reuters’ volumes remain more than 25% below last year’s levels, while FXall’s are about 25% higher.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.