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FXall: April Daily Volumes Fell 2% From March

Date : 05/09/2012 @ 9:33AM
Source : Dow Jones News
Stock : Icap (IAP)
Quote : 353.4  0.0 (0.00%) @ 12:00AM
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FXall: April Daily Volumes Fell 2% From March

FX Alliance Com USD0.0001 (NYSE:FX)
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Electronic-currencies-trading system FX Alliance Inc. (FX) Wednesday reported a slight decline in average daily volumes for the month in April, but the recently listed electronic-foreign-exchange-platform provider posted a rise in the value of currency trades handled on a year-on-year basis.

FX Alliance, which is better known as FXall, said it handled $88.6 billion of currency trades daily on average in April, down 2% from March 2012 but an increase of 8% from April 2011.

Last week, ICAP PLC's (IAP.LN IAPLY) EBS and its main rival Thomson Reuters Corp. (TRI, TRI.T) reported volume slowdowns. EBS said it had handled an average of $109.7 billion a day in volumes in April, marking an 11% slide on the month and a decline of 26% on the year. Thomson Reuters posted a 6% fall on the year in April and a 5% fall from March, handling $130 billion on average a day.

-By Eva Szalay, Dow Jones Newswires; 44 20 7842 9305; (eva.szalay@dowjones.com); @djfxtrader



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