Thomson Reuters’ August ADV Falls to 2016 Low on Diving Volatility
- Spot FX volumes reaches a new 2016 low in August with Thomson Reuters seeing a multi-month decline since June.
Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending August 2016, which has now notched a consecutive monthly decline across its total spot and total product volumes, having suffered from low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across FX markets, according to a Thomson Reuters statement.
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Thomson Reuters, like other institutional FX venues, has had its overall volumes impacted by stagnated volatility. By extension, volumes have also retreated lower following an episodic surge in figures on the heels of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum in June – with the absence of any glaring catalysts in August, volumes have been affected.
During August 2016, Thomson Reuters’ average daily volume (ADV) of its FX products, including spot, forwards, swaps options and non-deliverable forwards (NDF), yielded a total of $342 billion, its lowest figure of 2016. This was lower by a margin of -4.7% MoM from $359 billion in July 2016, as well as lower against August 2015, declining by a factor of -6.0% YoY from $364 billion.
Looking closer into the latest batch of data at Thomson Reuters, August 2016’s total of $342 billion of ADV was disaggregated to $83 billion ($97 billion in July 2016) in terms of FX spot volume, with $259 billion for other products ($262 billion in July 2016).
Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending August 2016, which has now notched a consecutive monthly decline across its total spot and total product volumes, having suffered from low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across FX markets, according to a Thomson Reuters statement.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Thomson Reuters, like other institutional FX venues, has had its overall volumes impacted by stagnated volatility. By extension, volumes have also retreated lower following an episodic surge in figures on the heels of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum in June – with the absence of any glaring catalysts in August, volumes have been affected.
During August 2016, Thomson Reuters’ average daily volume (ADV) of its FX products, including spot, forwards, swaps options and non-deliverable forwards (NDF), yielded a total of $342 billion, its lowest figure of 2016. This was lower by a margin of -4.7% MoM from $359 billion in July 2016, as well as lower against August 2015, declining by a factor of -6.0% YoY from $364 billion.
Looking closer into the latest batch of data at Thomson Reuters, August 2016’s total of $342 billion of ADV was disaggregated to $83 billion ($97 billion in July 2016) in terms of FX spot volume, with $259 billion for other products ($262 billion in July 2016).