Thomson Reuters Reveals Dim Trading Volumes for August 2017

Of the $367 billion, $82 billion was FX spot, the lowest since December 2016.

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending August 2017, which saw its comprehensive FX volumes pointed lower, failing to match its strong comeback in the previous month, according to a company statement.

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The latest figures failed to hold onto July’s momentum, which by and large erased a lackluster Q2 2017 which saw volumes trending downward.

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In particular, Thomson Reuters saw a total average daily volume (ADV) of its foreign exchange (FX) products, including spot, forwards, swaps options and non-deliverable forwards (NDF), coming in at $367 billion, an increase of 7 percent year-over-year from $353 billion in August 2016. However, the figure was lower compared to July 2017, marking a drop of 5.2 percent month-over-month from $387 billion the month earlier.

Of the $367 billion, $82 billion was FX spot, the lowest since December 2016 and also representing a notable drop over both monthly and yearly intervals. The latest figure reflects a 6.8 percent decline from the $88 billion set back for FX spot volumes in July 2017.

Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $285 billion daily, down 4.7 percent from $299 billion the previous month.

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