FX Trading Volumes Retreat at Thomson Reuters in December 2017‎

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending December 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 November’s momentum, but stayed overall within Q4 2017’s healthy range, which saw volumes trending sideways just shy of the $400 billion mark. In addition, December volume was still the third-strongest of any month in 2017.

In particular, Thomson Reuters saw a total average daily volume (ADV) of its foreign exchange products, including spot, forwards, swaps options and non-deliverable forwards (NDF), coming in at $392 billion, an increase of 12.3 percent year-over-year from $349 billion in December 2016. However, the figure was lower compared to November 2017, marking a drop of 1.3 percent month-over-month from $397.0 billion the month earlier.

Of the $392 billion figure, $88 billion was FX spot, the lowest since July 2017, and also representing a 6.3 percent drop over the monthly interval, but higher 7.3 percent year-over-year. The latest figure reflects a decline from the $94 billion set back for FX spot volumes in November 2017, whilst advanced from $82 billion a year back.

Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $304 billion daily, almost unchanged from $303 billion the previous month.