FX Volumes in April Flat on FXall, Down $20B or 18% on Thomson Reuters from $110B in March
FXall weathered the April Storm that Thomson Reuters other FX platforms saw, and managed to reach its highest ever ADV,
Steven Hatzakis
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Exchanges
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Institutional FX )
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2014-05-15T08:56:43+00:00
2014-05-15T08:56:43+00:00
According to data just released for the month of April by Thomson Reuters, its average daily FX Spot volume for the last month was $90 billion as traded on Thomson Reuters Dealing, Matching and Reuters Trading for FX, indicating a drop of 18% or $20 Billion over March’s $110 billion total as reported by Forex Magnates in April.
Despite the decrease on its matching and dealing platforms, the company’s relationship trading platform, operated under the FXall brand, managed to stay mostly flat for the month, measuring a slight increase of $200 million or almost one-sixth of a percent, to reach $132.3 billion from March’s total of $132.1 billion.
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Year-over-Year, April’s ADV on FXall was up 22% over the same month last year, and the company said the figure was its highest reported ever -on that platform -after inching above the prior months total.
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The Divergence of volumes across the two segments can be seen in the graph below, using 2014 year-to-date (YTD) monthly totals from Thomson Reuters:
The FxAll aquisition for $600mm seems to be a steal in retrospect. They are the only one of the big multidealer platforms that does constantly well, even in this very low vix environment. Wondering what exactly they are doing so well..
The FxAll aquisition for $600mm seems to be a steal in retrospect. They are the only one of the big multidealer platforms that does constantly well, even in this very low vix environment. Wondering what exactly they are doing so well..