Thomson Reuters’ FX Volumes Undergo Decline in July Following Yearly Highs

FX volumes were once again pointed lower in July, paring the majority of June's strong performance.

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending July 2016, having undergone a decline over a monthly basis in terms of spot and total product volumes, according to a Thomson Reuters statement.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Thomson Reuters seems to have joined the ranks of other institutional FX venues during July that have seen a pullback in volumes. The decline is hardly surprising given the abating of volatility directly following the Brexit referendum that has now reverted back to a summer lull. Thomson Reuters did however avoid paring all of last months gains in its volumes, though a pullback was evident across any margin.

Suggested articles

ACY Securities Asia Trading Cup Returns for 2nd YearGo to article >>

During July 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 $359 billion, which was lower by a margin of -8.9% MoM from $394 billion in June 2016 – this figure was higher against July 2015, rising tepidly by a factor of 1.7% YoY from $353 billion.

Looking deeper into the latest tranche of data at Thomson Reuters, July 2016’s total of $359 billion of ADV was disaggregated to $97 billion ($116 billion in June 2016) in terms of FX spot volume, with $262 billion for other products ($278 billion in June 2016).

Earlier this month, Thomson Reuters made headlines after it extended its services to help advance the use of blockchain technology in the financial services industry – the group’s latest initiative will see it join a composite of leading financial institutions that are already working to utilize the technology that helps underpin Bitcoin into financial markets.

Got a news tip? Let Us Know