Reuters: US Dollar Report: EBS Sept daily FX volume drops 39 pct from year ago

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EBS Sept daily FX volume drops 39 pct from year ago Oct 4th 2012, 14:50 NEW YORK | Thu Oct 4, 2012 10:50am EDT NEW YORK Oct 4 (Reuters) - Average daily foreign exchange spot volume traded on the EBS trading platform dropped 39 percent in September to $111.9 billion from year-ago levels, parent company ICAP said on Thursday. September's volume, however, was up 17 percent from August's turnover of $95.5 billion, according to ICAP data. At its peak, EBS did more than $250 billion in daily volume in February 2008. EBS, which competes with Thomson Reuters in the FX dealing business, is the leading liquidity provider for the most widely traded currencies - the euro, yen and Swiss franc. Thomson Reuters is strong in so-called Commonwealth currencies that include British sterling as well as Australian, Canadian and New Zealand dollars.

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