Thomson Reuters Corp.'s (TRI) electronic trading platform, one
of the two key systems used by currency traders around the world,
experienced an outage Tuesday, according to several market
participants.
The trading system, named Reuters 3000, went out at 3:13 p.m.
EDT (1913 GMT), said Michael Lavina, head of trading at Faros
Trading, and has hadn't come back online as of 4:08 p.m EDT.
A representative for Thomson Reuters wasn't immediately
available for comment.
During the outage, traders at Bank of New York Mellon Corp. (BK)
said they were routing their trades through EBS, the other major
currency platform.
In the most recent data available, the electronic
currencies-dealing system run by Thomson Reuters consolidated its
lead ahead over main rival EBS in July, with its average daily
volume outstripping those of its main rival for the 10th straight
month.
In July, Thomson Reuters said it had handled an average of $130
billion of trading volumes per day, a 10% fall from June and a 14%
drop from the same time last year. But flows were still higher than
those on EBS, which saw an average of $106.7 billion per day in the
same month--22% below the previous month and some 41% lower on the
year.
--Jacob Bunge contributed to this article
Write to Ira Iosebashvili at ira.iosebashvili@dowjones.com and
Nicole Hong at nicole.hong@dowjones.com
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