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Reuters Volumes Hold Up, While FXCM’s Go with Trend

Transaction volumes across Thomson Reuters’
myriad platforms held up well in March, on a month-on-month basis, bucking the
trend for lower turnover levels seen elsewhere.

Overall, the company says average daily
volume (ADV) was $362 billion, a month-on-month increase of just less than 2%.
However, in keeping with releases elsewhere, average daily spot turnover fell
around 6% month-on-month to $104 billion.

The picture was worse on a year-on-year
basis, however, with spot ADV 21.2% lower than March 2015.

Meanwhile, FXCM released what it says are “certain
key customer trading metrics for March 2016 for its retail and institutional
foreign exchange business.” Retail trading ADV was $12.7 billion, a 14% fall
month-on-month; this was 15% lower than the volume transacted in March 2015.

On plus notes, the company did manage to
increase by around 44% its institutional customer trading volume, which was
$3.6 billion per day, year-on-year institutional ADV was 20% higher.

March volume data from EBS Brokertec and
CME Group can be seen by clicking this link,
while data from
FastMatch, Gain GTX and Hotspot can be seen
by clicking
here.

Colin Lambert

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