Thomson Reuters has released its FX metrics for the month ending in May 2014, which revealed a -3.3% drop MoM in average daily FX volumes, coupled with a further decline of -3.8% MoM loss in volumes for FXall, according to a Thomson Reuters’ statement.
Indeed, May figures across both Thomson Reuters and FXall could not rebound after a lackluster April, which noted similar declines or a relative stagnation in FX volumes respectively. More specifically, Thomson Reuters’ average daily FX volume came in at $87 billion during the month of May 2014, which fell -3.3% MoM from $90 billion in April 2014 and -37.9% YoY since May 2013 ($140 billion).
How to Generate Leads Outside of the Box?Go to article >>
Alternatively, despite weathering the storm and failing to report negative FX figures last month, FXall saw its volumes contract for the first time since February – average daily volumes yielded $127 billion in May 2014, vs. $132 billion in April 2014 (-3.8% MoM). However, despite this minor stumble, volumes are still up a robust 17.6% YoY since May 2013.