Thomson Reuters Announces Stronger Volumes in August
- After a number of disappointing months, the institutional broker has recorded monthly and annual increases in its volume of forex trading.
Thomson Reuters has just announced the company’s latest foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading figures for the month of August 2015. The trading volumes across the company’s Matching and FXall trading platforms have seen an uptick, rising on both a monthly and an annual basis.
Although the figures are not stratospheric, the rising volumes are good news for the company, which has seen a couple of disappointing months in terms of declining volumes, with both May and July well below par.
Getting into the numbers, Thomson Reuters reported that the total average daily volume (ADV) of Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term across its platforms in August totalled $364 billion. This represents a 2.5% increase from the same month in 2014 and a 3% jump from July 2015.
Of that total volume, the figure can be broken down into spot trading and other, which includes forwards, swaps, options and non-deliverable forwards (NDFs). The average daily volume for spot trading in August came in at $119 billion, a healthy 16.4% up from the previous month and a 10.6% increase YoY.
The figures will encourage the company, which faces stiffening competition. Just last month, the company announced additional forex trading capabilities for corporate treasurers on its flagship desktop offering, Eikon. The move came only days after Eikon’s rival, ICAP’s EBS BrokerTec, revealed that it was implementing a similar offering.
Thomson Reuters has just announced the company’s latest foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading figures for the month of August 2015. The trading volumes across the company’s Matching and FXall trading platforms have seen an uptick, rising on both a monthly and an annual basis.
Although the figures are not stratospheric, the rising volumes are good news for the company, which has seen a couple of disappointing months in terms of declining volumes, with both May and July well below par.
Getting into the numbers, Thomson Reuters reported that the total average daily volume (ADV) of Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term across its platforms in August totalled $364 billion. This represents a 2.5% increase from the same month in 2014 and a 3% jump from July 2015.
Of that total volume, the figure can be broken down into spot trading and other, which includes forwards, swaps, options and non-deliverable forwards (NDFs). The average daily volume for spot trading in August came in at $119 billion, a healthy 16.4% up from the previous month and a 10.6% increase YoY.
The figures will encourage the company, which faces stiffening competition. Just last month, the company announced additional forex trading capabilities for corporate treasurers on its flagship desktop offering, Eikon. The move came only days after Eikon’s rival, ICAP’s EBS BrokerTec, revealed that it was implementing a similar offering.