Flat figures

Thomson Reuters FX Volumes in May Lowest Since December 2014

The figures represent a second consecutive monthly decline as May marks the slowest month for the ECN in 2015.

One of the leading ECNs in the industry has reported its monthly foreign exchange trading volumes figures for May. The aggregated average daily volumes (ADV) for Thomson Reuters Matching and FXall have marked the lowest figure since December 2014 at $353 billion.

The figure is lower by about 4 percent when compared to the previous month and mostly flat year-on-year, when both entities of Thomson Reuters registered $351 billion.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

The ADV for spot trading totaled $110 billion, which is almost 7 percent lower than April yet mildly higher year-on-year.

the report confirms that ICAP’s EBS competing solution is experiencing a renaissance

Suggested articles

Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>

This report confirms that ICAP’s EBS competing solution is experiencing a renaissance after committing substantial resources to revamp its offering during the past 18 months.

In terms of market volatility the figures reflect the somewhat subdued market activity in May. As the dollar rally has paused for the time being, volumes have declined. June looks promising as a vibrant discussion on the Federal Reserve’s Open Market Committee about when to raise interest rates is likely to continue.

Today’s very strong non-farm payrolls data from the U.S. could reignite this debate.

After the announcement today, a research note by Barclays has highlighted, “We view this report as supporting our view that the Q1 softness was likely temporary and driven by one-off factors. We see the economy returning to more solid growth from Q2 onwards and for the recovery to be sustained. As a result, we continue to look for the first rate hike in September.”

Got a news tip? Let Us Know