Reuters: US Dollar Report: EBS Jan FX spot volume rises 22 pct from year-ago levels

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EBS Jan FX spot volume rises 22 pct from year-ago levels Feb 5th 2013, 14:19 NEW YORK | Tue Feb 5, 2013 9:19am EST NEW YORK Feb 5 (Reuters) - Average daily foreign exchange spot volume traded on the EBS trading platform in January rose 22 percent from year-ago levels to $141.3 billion, parent company ICAP said on Tuesday. The average daily spot FX volume also rose 54 percent month over month. In December, volume was $91.8 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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