Thomson Reuters FX volumes outperform rival EBS in December by $17 billion per day

The battle for supremacy between the two benchmark institutional ECN FX platforms Thomson Reuters and ICAP’s EBS electronic brokerage division has been a very close one during the course of the past year. The gap is widening between the two arch rivals, however, and in December 2015, EBS recorded an average daily spot FX volume […]

London, Canary Wharf from Thames

The battle for supremacy between the two benchmark institutional ECN FX platforms Thomson Reuters and ICAP’s EBS electronic brokerage division has been a very close one during the course of the past year.

The gap is widening between the two arch rivals, however, and in December 2015, EBS recorded an average daily spot FX volume of $74 billion for the month, whereas Thomson Reuters figure for December weighed in at $91 billion on average per day, standing the firm considerably higher at the end of the year.

The results for both plaforms were a shadow of those achieved during the previous year, with December 2014 having been a month in which EBS achieved a monthly spot FX volume of $104.8 billion on average per day.

Average daily volume for the six monthly period between July and December 2015 was $6.528 trillion at Thomson Reuters, with September’s high of $418 billion being a reflection of the value of the acquisition of FXall by Thomson Reuters three years ago for $625 million.

flow chart

Chart courtesy of Thomson Reuters.

Read this next

Institutional FX

Euronext’s FX volume takes yet another step back in July

Pan-European exchange, Euronext has reported a 7.6 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $21.4 billion in July 2022, which is down from June’s $23.1 billion.

Executive Moves

IG Group strengthens institutional sales with appointment of Glen Hastings

IG Group, Europe’s largest online trading platform, has onboarded Glen Hastings to the role of its institutional sales manager. He joins the FCA-regulated broker with immediate effect, based out of its offices in London.

Digital Assets

Voyager customers can withdraw up to $100K in cash via ACH transfer

Following approval of the bankruptcy judge, cryptocurrency brokerage firm Voyager plans to return $270 million in customer cash. The amount represents a small portion of investors’ crypto holding that have been locked up since the company filed for bankruptcy in April.

Retail FX

Britain’s lifeboat system to conclude LCG compensation scheme

Britain’s Financial Services Compensation Scheme (FSCS) said today it’s preparing to close the compensation scheme of the collapsed mini-bond provider, London Capital & Finance.

Uncategorized

Robinhood parts ways with its first CPO Aparna Chennapragada

In what apparently part of the restructuring it announced last month, Robinhood is parting ways with its Chief Product Officer Aparna Chennapragada. However, she’ll remain employed in an advisory role to the CEO through January 2023.

Digital Assets

Crypto.com expands regulatory footprint with new licence in South Korea

Crypto.com has acquired payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’ The move effectively provides a regulatory stamp for the company’s digital assets and cryptocurrencies business in South Korea.

Metaverse Gaming NFT

Why NFT Technology Could be the Much Needed Solution to Crypto Inheritance 

The digital asset market may have started with Bitcoin’s humble beginning but its fortunes have changed over the past decade.

Industry News

Kohle Capital Markets expands CFDs lineup to 200+ stocks

Kohle Capital Markets (KCM), the leading international provider of online trading, has once again expanded its contracts-for-difference (CFDs) offering, this time with the addition of new products on its trading platform.

Industry News

Kohle Capital Markets continues CSR initiatives with donation of art piece to Lions Club International

Global brokerage firm Kohle Capital Markets (KCM) is taking its corporate social responsibility very seriously and continues to navigate the challenging period brought forth by the pandemic and Russia-Ukraine war.

<