Thomson Reuters FX Volumes Fall to Lowest Level in Three Months

The latest figures failed to hold onto March’s strong momentum‎.

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending April 2018, which saw its comprehensive FX volumes pointed lower, failing to match its strong comeback in the previous month, according to a company statement.

The latest figures failed to hold onto March’s momentum but stayed overall within Q1 2018’s healthy range, which saw volumes trending sideways just shy of the $450 billion mark. In addition, April’s volume was still the third-strongest of the last 12 calendar months.

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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 $441 billion, an increase of 18 percent year-over-year from $374 billion in April 2016. However, the figure was lower compared to March 2018, marking a drop of 4.3 percent month-over-month from $461.0 billion the month earlier.

Of the $392 billion figure, $95 billion was FX spot, the lowest since December 2017, representing a 9.5 percent drop over the monthly interval, but higher 9.1 percent year-over-year. The latest figure reflects a decline from the $105 billion set back for FX spot volumes in March 2018, while advanced from $87 billion a year back.

Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $346 billion daily, lower 3.0 from $356 billion the previous month.

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