The three main OTC FX platforms have now reported their July 13 volumes.
Reuters, EBS and FXAll all saw double digit falls, with EBS suffering the most down -$40bln/day to $89bln/day a drop of 31% from June.
All the platforms are suffering from the effects of the reduced Yen volatility, and as EBS is the main platform for Yen crosses, it was hit far harder, plus the summer slowdowns doesn’t help either.
