Thomson Reuters FX Volumes Continue to Improve from July Lows in September

The firm revealed that its average daily forex volumes exceeded $400 billion for the second consecutive month.

Thomson Reuters (NYSE:TRI) revealed this Wednesday that its average daily volume (ADV) for currency trading exceeded $400 billion in September marking the second consecutive month in a row to breach this level in the company’s main forex spot trading services.

As is the trend, Summer months usually mean lower volatility on the forex markets. Taking a look at Thomson Reuter’s volumes, it seems the firm more or less managed to buck this trend. However, the firm did experience a considerable drop in volumes in July. In fact, March, April, and June have been the strongest months in terms of ADV levels this year.

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In September of 2018, Reuters saw a total ADV of its forex products come in at $425 billion. This total reflects trading volumes on Thomson Reuters Matching and FXall in all transaction types, including spot, forwards, swaps, options, and non-deliverable forwards.

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Compared to August, which experienced a total ADV of $403 billion, this is an increase of around five percent. September’s value also managed to beat the reported figure of the same period in 2017, even though it was only by approximately three percent.

Despite this month-on-month and year-on-year increase, the figure is still below the highs experienced in February ($463 billion), March ($461 billion) and June ($452 billion). Nonetheless, it is still showing a recovery from the volumes experienced in July of this year, which fell by about 12 percent month-on-month to $398 billion.

Thomson Reuters Completes Sale of F&R Unit

At the beginning of October, Thomson Reuters announced that it had completed the sale of a majority stake in its Financial and Risk (F&R) unit to a consortium led by Blackstone Group, a private equity firm, in partnership with Canada Pension Plan Investment Board  (CPPIB).

As Finance Magnates reported, following the completion of the sale, the Blackstone consortium now owns a 55 percent stake in the business with Thomson Reuters retaining 45 percent. In addition, the F&R unit of Thomson Reuters is now known as Refinitiv.

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