Volumes reported for August were down to their lowest levels of the year. If the cause is summer doldrums, we should see some pick up in September. The figures (Icap/EBS up only 4% year on year, Thomson Reuters up only 7%) are somewhat disappointing compared with the first half of the year, but the market has become more range-bound since the plunge in EUR/USD abated.
Total average daily volumes on the EBS platform were $127.6 billion, down from $133.3 billion in July and up from $122.3 billion in August 2009.
Thomson Reuters average daily FX spot volumes (representing the average amount traded daily on Thomson Reuters main FX spot trading services: Thomson Reuters Dealing, Matching and Reuters Trading for FX) were slightly over $124 billion, broadly flat on July and up from $116 billion in August 2009.
Average daily volume at CLS told a similar story of a slight decrease against July, volume was down 4% while average daily values were slightly higher at $3.95 trillion compared with $3.93 trillion.