Platform FX vols Sept 2014: Strong rebound for all major platforms, led by EBS +38%


FX vols of the major platforms showed solid gains in September, led by EBS which was up +37.9%, Thomson Reuters Spot up +34.6%, and Hotspot up+32.3% in Sept.

Detailed volumes were:

EBS $117.9bn/day in Sept, up +37.9% on Aug, and up +45.2% compared to Sept 13 level of $81bln/day.

Hotspot: $38.2bn/day in Sept, up -32.3% on Aug, and up +33.2% compared to Sept 13 level of $29bln/day.

Reuters total: $418bn/day in Sept, up 17.7% on Aug, and up 33.1% compared to Sept 13 level of $314bn/day.

Reuters Spot: $144bn/day in Sept, up 34.6% on Aug, and up 20.5% compared to Sept 13 level of $120bn/day.

Individual volume figures and charts for the platforms are summarized below:

FX Platform vol tables Sept 2014

FX volumes for Thomson Reuters, EBS & Hotspot- Sept 2014

The EBS increase comes on the back of a strong Aug and seems to be driven increased traction for their relationship based EBSDirect, which is now averaging $19bn/day, with peak single-day record volume of $25bn in September. Based on released figures, EBSDirect now accounts for some 16% of total EBS volumes, as the chart below shows.

EBSDirect-1EBS vols with EBSDirect (shown in gold), now accounting for some 16% of total volumes

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