January Surprise, EBS Back At #1 after Thomson Reuters and FXall Report Volume Figures

Thomson Reuters and FXall have reported their January figures. For January, Thomson Reuters FX Matching platform registered $126 billion in average daily volume (ADV), a 24% increase from December 2012’s $102 billion ADV number. At FXall, Thomson Reuters recent acquisition, volumes rose 9% month over month from $100 ADV to $109 billion ADV. Figures at FXall include both trading on the firm’s active trading and relationship Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. FXall’s volume was new record for monthly ADV at the trading venue.

With figures from the major FX trading venues for January out, EBS is back on the top stop among reporting FX trading venues. During January, average trading volume at EBS was $141.3 billion, followed by Thomson Reuters at $126 billion and the CME with $114 billion. It has been a while since EBS took hold of the top spot, being behind Thomson Reuters in monthly volume for all of 2012. Month over month figures at EBS have been very volatile as the ECN venue has been experimenting with changes such as new dealing rules and the launch of EBS Direct, a relationship based platform. As such, we’ll need a few more months before we can make a claim that EBS is back on the rebound after a poor 2012, but they a good start.

Beyond traditional spot and futures FX, one area to watch for 2013 are options. With Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term returning to the asset, the CME has seen a sizeable increase in FX options trading with two year plus highs in open interest. Last year we saw Bloomberg add FX options trading on its FXGO trading platform. As such, we won’t be surprised to see other FX launch similar products during 2013 to capture a portion of the growth.