The latest performance mirrors an industry trend, which saw most ECNs and trading venues secure growing volumes in September.
Thomson Reuters (NYSE:TRI) has reported its monthly trading statistics and volumes for September 2017, which printed a three-year high of $411 billion per day. The month was characterized by a number of influential factors across global markets, including interest rates and fiscal policies speculation in both the US and Europe, which ultimately helped spark Volatility.
Relative to a rather uneventful August, September 2017 proved to yield a far more dynamic market for FX. In the United States a combination of factors ranging from the "Trumpflation trade" to expectations for U.S. interest rate hikes helped spur markets, the company said.
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 $411 billion, an increase of 7 percent year-over-year from $365 billion in September 2016. Additionally, the figure was higher compared to August 2017, marking a gain of 11.9 percent month-over-month from $367 billion the month earlier.
Of the $411 billion, $103 billion was FX spot, the highest since June 2016 and also representing a notable advance over both monthly and yearly intervals. The latest figure reflects a 25.6 percent rise from the $82 billion set back for FX spot volumes in August 2017. On a year-over year basis, spot volumes were also pointed higher after managed to overcome the $94.0 billion reported a year ago – this was a march higher of 9.6 percent year-over-year.
Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $308 billion daily, up 8.07 percent from $285 billion the previous month.
Thomson Reuters (NYSE:TRI) has reported its monthly trading statistics and volumes for September 2017, which printed a three-year high of $411 billion per day. The month was characterized by a number of influential factors across global markets, including interest rates and fiscal policies speculation in both the US and Europe, which ultimately helped spark Volatility.
Relative to a rather uneventful August, September 2017 proved to yield a far more dynamic market for FX. In the United States a combination of factors ranging from the "Trumpflation trade" to expectations for U.S. interest rate hikes helped spur markets, the company said.
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 $411 billion, an increase of 7 percent year-over-year from $365 billion in September 2016. Additionally, the figure was higher compared to August 2017, marking a gain of 11.9 percent month-over-month from $367 billion the month earlier.
Of the $411 billion, $103 billion was FX spot, the highest since June 2016 and also representing a notable advance over both monthly and yearly intervals. The latest figure reflects a 25.6 percent rise from the $82 billion set back for FX spot volumes in August 2017. On a year-over year basis, spot volumes were also pointed higher after managed to overcome the $94.0 billion reported a year ago – this was a march higher of 9.6 percent year-over-year.
Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $308 billion daily, up 8.07 percent from $285 billion the previous month.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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