Average daily volumes on spot FX broking platform EBS increased 60% year on year to $214.9 billion (single count) in May. Compared with April’s average daily volumes, which were a still impressive $154.2 billion, the new figure is staggering.
Almost as impressive were the figures reported this morning by Thomson Reuters although its figures are for the full suite of ‘Thomson Reuters Dealing, Matching and Reuters Trading for FX’. Average daily volumes for May were in excess of $186 billion, an increase of 35% over April’s figures and 65% higher than in May 2009.
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