Foreign Exchange Trading via Thomson Reuters Hits Multi-Year Lows

Seasonality hits trading volumes on foreign exchange markets.

One of the leading foreign exchange electronic communications networks (ECNs), Thomson Reuters, has reported its figures for the month of December 2016. The company did not remain unaffected by the seasonally weak final month of the year.

Thomson Reuters marked a total of $82 billion daily for spot trading. The number is the lowest since 2012. Trading volumes were lower by 19 percent when compared to November and by 10 percent when compared to December 2015.

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Looking at the totals, trading volumes inches lower on a monthly basis to $349 billion a day. The figure was higher by almost 4 percent.

The foreign exchange ECN of Thomson Reuters had been performing solidly throughout 2016 with trading volumes ticking higher in the latter part of the year.

The post-Brexit and the post-Trump periods have been the strongest for the industry last year, with trading volumes at a number of brokerages and venues hitting record highs. Competition in the ECN area has been increasing with the rise of companies that are also publicly reporting numbers like GTX and Fastmatch.

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