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EBS Markets FX Volume Higher, Refinitiv Lower in October

EBS Markets has reported average daily turnover (ADV) of $88.7 billion in spot FX products in October, a 3% increase on September and a 10% increase year-on-year. The business, the name of which has reverted from NEX to EBS following the completion of its takeover by CME Group, has now reported three consecutive monthly increases, following a sharp drop in July – at $88.7 billion turnover is slightly below the average for the first nine months of the year of $93.2 billion.

Elsewhere, the newly-re-branded Refinitiv, formerly Thomson Reuters, reports total FX ADV of $415 billion per day, a 2.3% decline from September but a 6.4% increase year-on-year. Refinitiv says that spot FX ADV was $94 billion, down 4.1% month-on-month and up 3.3% year-on-year.

Non-spot FX volume at Refinitiv also declined slightly month-on-month, by 1.8% from $327 billion to $321 billion in October. Year-on-year Refinitiv’s non-spot FX volume is 7.4% higher.

Colin Lambert

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