Thomson Reuters Reports December Volumes for FXall and Matching Platforms

Total trading volumes remained flat during the month of December, with spot trading declining materially due to the holiday season,

Foreign exchange trading volumes on Thomson Reuters Matching and FXall platforms have remained flat month-on-month throughout the month of December, with spot trading totaling $106 bln daily, representing a contraction by 11% when compared to November, but an increased year-on-year of about nine per cent.

The number was offset by foreign exchange trading volumes with other instruments, which increased to $244 billion daily, or about 7%.

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The total number was reported at $350 billion daily, which is about flat when compared to the month of November.

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The number is quite solid considering the holiday full month of December, FX volatility across the spectrum has been supporting trading activity, while yesterday’s European Central Bank decision triggered a substantial move in the EUR/USD, essentially opening the floodgates.

Sources close to Forex Magnates have shared that in today’s trading a huge number of stops have been tripped on the move below 1.1200.

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