FXall: April Daily Volumes Fell 2% From March
May 09 2012 - 9:33AM
Dow Jones News
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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