Thomson Reuters FX Volumes Reflect July Slowdown

The average daily volume (ADV) for spot FX on Thomson Reuter’s platforms was $94 billion in July, down 13.7% from June. However, this figure compares favourably with July 2017, when Thomson Reuters reported an ADV of $88 billion or spot FX products. It is also consistent with a broader trend amongst OTC platforms last month of volumes being down month-on-month but up year-on-year. Non-spot FX ADV on the Thomson Reuter’s venues was $304 billion last month, down from $343 billion in June but up from $299 billion in July 2017.