FX volumes at ECN, FXall, have crossed Thomson Reuters and EBS for the month of September. The trading platform saw average daily trading volumes exceed the two main dealer to dealer portals to hit $111 billion. In terms of a pure comparison, FXall volumes though, do include both its pure ECN and relationship based trading, as well as non-spot FX securities such as swaps and forwards.
Trading in September has risen from the lows reported in August across the board. FXall saw volumes increase by 15% month on month from August figures where it dipped below the $100 billion a day mark to trade $97 billion in average daily trading volume.
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Trading volumes at Thomson Reuters saw a slight increase from those reported in August. The portal recorded average daily trading volume of $110 billion from $107 billion in August 2013. Trading volumes in 2013 have been considerably lower at Thomson Reuters from a year earlier; in September 2012 the venue saw average daily trading reach $133 billion, 22% higher than the current months figures.
FXall has turned out to be a good buy for Thomson Reuters as both FXall and Thomson Reuters have been scoring higher than rival EBS. EBS’s average daily trading volume for September stood at $81.2 billion.
(Correction: article was updated to reflect different trading flow between FXall and other publicly reporting venues)