Thomson Reuters’ Reports Uneven May Volumes, Spot FX Continues Fall

For the fourth month in a row, spot FX volumes at Thomson Reuters were pointed lower.

Thomson Reuters (NYSE:TRI) has reported its FX trading volumes for the month ending May 2016, having undergone an uneven month overall in terms of spot and total product volumes, according to a Thomson Reuters statement.

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Thomson Reuters, like many other institutional FX venues, has been in the midst of a tranquil period of volumes extending back to the beginning of the year. As is the case with other exchanges in the industry, Thomson Reuters has undergone a consecutive monthly decline in its FX spot volumes, with May 2016 being no exception.

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During May 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 $347 billion, which was lower by a margin of -7.0% MoM from $373 billion in April 2016 – this figure was lower against May 2015, albeit by a mitigated margin of -1.7% YoY from $353 billion.

Delving deeper into the latest tranche of data at Thomson Reuters, May 2016’s total of $347 billion of ADV was disaggregated to $94 billion ($97 billion in April 2016) in terms of FX spot volume, with $253 billion for other products ($276 billion in April 2016). Monthly spot FX volume has now fallen in four consecutive months, with May 2016 seeing a decline of just -3.1% MoM.

Thomson Reuters made headlines earlier this month after it launched a new FX service, theWM/Reuters 2pm CET benchmark, which was geared towards corporates that need to value, hedge and/or settle cross-border transactions.

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