Thomson Reuters a leading inter dealer participant in the world’s most liquid asset class has reported trading metrics for July. The firm saw average daily spot volumes reach $114 billion in July, down more than 22% from $147 billion in June and 12% lower than the $130 billion in July 2012.
Thomson Reuters has been expanding its market share in the currency markets by major acquisitions, which include FXall and a division of Tradeweb. The firm also reported trading metrics for FXall who also witnessed a decline in trading activity. On FXall, the electronic foreign exchange platform purchased by Thomson Reuters last year, average daily volumes fell to $102 billion in July from $123 billion in June. Volumes were up around 12% from July 2012 when they were $91 billion.
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Last month Thomson Reuters reported its second quarter earnings. The firm reported a drop of 3% in revenues. In addition the firm reported, lower operating profits which fell 54% to $597 million.
Figures have been compiled from reuters.com.