Thomson Reuters and FXall Volumes Drop in July

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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.

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.