FX Trading Volumes Retreat at Thomson Reuters in October 2017

The latest figures show that the firm failed to hold onto September’s strong momentum.

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending October 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 September’s momentum, which by and large erased a lackluster Q3 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 $390 billion, an increase of 7.1 percent year-over-year from $364 billion in October 2016. However, the figure was lower compared to September 2017, marking a drop of 5.1 percent month-over-month from $411 billion the month earlier.

Of the $390 billion figure, $91 billion was FX spot, the lowest since August 2017, and also representing a notable drop over both monthly and yearly intervals. The latest figure reflects a 11.7 percent decline from the $103 billion set back for FX spot volumes in September 2017, and -4.2 percent year-over-year from $94 billion a year back.

Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $299 billion daily, down 2.9 percent from $308 billion the previous month.

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