LONDON, Aug 11 (Reuters) - Daily foreign exchange volumes on
currency platforms run by Thomson Reuters TRI.TO fell 6
percent to $353 billion last month from July's levels, the
company said on Tuesday.
The data also showed average spot daily volumes in July fell
to $101 billion, from $108 billion in June, and a tad higher
than that clocked in July last year when volumes fell to $99
billion.
The drop in volumes on the Thomson Reuters platform was
mainly because of the summer lull when traders and investors
tend to go on holidays. It mirrored a dip on the rival EBS
platform, owned by the world's largest inter-dealer broker, ICAP
IAP.L .
Trading volumes on the EBS trading platform fell by a fifth
last month, dropping to an average of $82 billion a day from
$101 billion in June.
Trading on EBS - the main venue for banks and other major
institutions to trade the euro EUR= , yen JPY= and Swiss
franc CHF= against the dollar - was still up 16 percent on a
year ago, when the platform was just emerging from a prolonged
drop in volumes.
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Thomson Reuters currency volumes dip in July
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