Thomson Reuters (Reuters), the United Kingdom-based international information provider, has disclosed its monthly volumes and metrics for June 2017, which point to increases in several aspects of its business. The results below regard forex trading average daily volumes (ADV), as well as spot and forex products average trading volumes.
Foreign exchange trading daily average volumes on Reuters platforms increased to $376 billion in June 2017, up 7 percent on a month-on-month basis. Spot trading ADV also rose from $85 billion in May 2017 to $93 billion.
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Furthermore, the ADV of additional transaction types such as swaps, forwards, options, and non-deliverable forwards (NDFs) was $283 billion, rising from the $265 billion reported in May 2017.
A month ago, Reuters May 2017’s monthly metrics and volumes showed that forex products ADV had declined by 6.4 per cent following an uneventful April. Although May’s forex market was noticeably more eventful, the swing hadn’t worked in Reuters’ favor. Compared to May 2016, Reuters registered a decrease in its forex trading volumes, down 3.3 percent on a year-on-year basis.
In April, the British information provider released its metrics and volumes for the first quarter (Q1) of 2017. On a year-on-year basis, Reuters saw a flat change in revenues, registering $2.81 billion. This translates to an increase of about 1 percent from Q1 2016. Conversely, the firm did yield a profit of $444 million, up 43 percent year-on-year compared to $310 million in Q1 2016.