Monday, January 7, 2013

Reuters: US Dollar Report: EBS Dec FX spot volume falls 4 pct from year-ago levels

Reuters: US Dollar Report
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EBS Dec FX spot volume falls 4 pct from year-ago levels
Jan 7th 2013, 14:32

NEW YORK | Mon Jan 7, 2013 9:32am EST

NEW YORK Jan 7 (Reuters) - Average daily foreign exchange spot volume traded on the EBS trading platform in December fell 4 percent from year-ago levels to $91.8 billion, parent company ICAP said on Monday.

The average daily spot FX volume also fell month over month. In November, volume was $103.8 billion.

At its peak in February 2008, EBS did more than $250 billion in daily volume.

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 the British pound as well as Australian, Canadian and New Zealand dollars.

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