EBS and Reuters/FXall Oct13 FX vols released


The three main OTC FX platforms have now reported their Oct 13 volumes.

All three platforms saw decline in daily volumes in October, with Reuters and EBS both recording multi year (record low) trading volumes.

Reuters matching and conversational dealing platforms showing the largest fall, down $13bln/day (-11.8%) at $97bln/day from $110bln/day in September, and also showing the largest YoY drop of -19.2%.

EBS which as we reported earlier this week, also hit new all time lows in daily volumes which were down $4bln/day ( -5.2%) at a new low of $77bln/day,  a drop of -16.8% YOY.  

Whilst FXAll volumes were $5bln/day (-4.5%) lower at $106bln/day down from $111bln/day in September, although still up some 12.8% YOY.

FX Vols for Reuters, EBS and FXAll-Oct 13a

2 Responses

  1. These volume reductions are no indication of a FX market retrenchment, but rather a shift to algo trading

  2. Hi there,

    I agree the market is not necessarily retrenching. I also think the general reduction in the volumes from EBS and Reuters reflects a trend for more flow to be internalised by the big shops, and thus less need to hedge it back out to the street.

    Regards

    Paul

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: