Thomson Reuters and FXall Report Slowdown in August Trading Metrics

Leading FX Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues, Thomson Reuters and FXall have reported their monthly trading activity for August, as seen across other trading venues, the trend of a slowdown in August was present at Thomson Reuters and FXall.

Thomson Reuters, the inter-dealer trading portal, recorded a 6.14% drop in MoM figures. In August, the firm’s average daily trading volume was $107 billion, lower than July’s figure of $114 billion.

FXall saw volumes drop below the all-important $100 billion a day mark. In August, the average daily trading volume at FXall was $97 billion, 4.9% lower than the $102 billion traded in July.

Historically, August has been a slow month for both firms. In 2012, FXall traded $84 billion a day and Thomson Reuters traded $115 billion a day.

Unlike competitor EBS, whose volumes dropped 30% in August at $89 billion (ADV), Thomson Reuters has kept its head above the $100 billion mark, the closest it came to slipping short was in December 2012 ($102 billion ADV).