In the last month of trading as Thomson Reuters, the firm’s FX platforms delivered a rise in activity in September.
The newly-rebranded Refinitiv enters business having seen the platforms handle average daily volume (ADV) of $425 billion in September across all FX products. This represents a 5.5% increase on August and a 3.4% year-on-year increase.
The increase was thanks to increased non-spot activity, while spot ADV was $98 billion, a 4.2% increase on August, it represents a 4.8% decline from September 2017. Other volume meanwhile was $327 billion, up 5.8% on both a month-on-month and year-on-year basis.
The Thomson Reuters’ results reflect developments elsewhere, with Deutsche Boerse’s 360T still to report data, only Fastmatch FX saw a month-on-month decline.