Trading volumes soar in July, report EBS, Reuters and FXall
Foreign exchange trading volumes on electronic matching platforms rose year-on-year in July, as a result of increased volatility based on uncertainty around eurozone sovereign risk and US debt, according to figures released this week.
Average daily spot volume on Thomson Reuters' platforms reached $152 billion in July, up 23% from $124 billion in July 2010. According to the vendor, the increase was caused by a 32% growth in euro volumes over June this year and 116% over July 2010, and an
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