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 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 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).

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