Is EBS losing market share to Thomson Reuters, FXall and Hotspot FX in the Forex ECN market?

It doesn’t always work this way, but it does appear as though institutional forex traders are on vacation this summer, while retail traders have remained at their screens this year.

The question for EBS — which after a strong start to the year in January and February, has seen its volumes drop off during an otherwise strong 2013 — is whether this is just the summer doldrums, or an erosion of its market position to Thomson Reuters, FXall, and the rapidly-rising Hotspot FX.

The data? As per the chart above, EBS reported July FX trading volumes at $89.3 billion (average daily volume for the month), down a whopping 31% from June and off 16% from last year July. As per our headline, this is the lowest monthly figure for EBS since data became available after 2005.

We should get Thomson Reuters and FXall figures in the coming days for comparison. Stay tuned to LeapRate…

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.