Tag: Thomson Reuters

Thomson Reuters

Thomson Reuters FX Volumes Up, 360T Down, in August

Thomson Reuters FX volumes rose slightly in August from July, while 360T’s – which now include Gain GTX turnover – fell slightly. Both were up year-on-year.
Last week Thomson Reuters reported average daily turnover in all FX products of $403 billion, compared to $398 billion in July – this represents a 9.8% increase year-on-year.
Spot FX ADV at TR across its platforms was unchanged month-on-month at $94 billion, however it was up 14.6% higher than August 2017.
Deutsche Boerse’s 360T business line meanwhile, reports ADV of $68.6 billion in all FX products, a 4.2% decline from July.

Thomson Reuters FX Volumes Up, 360T Down, in August

Thomson Reuters FX volumes rose slightly in August from July, thanks entirely to increased activity in non-spot FX products, while 360T’s ADV – which now includes Gain GTX turnover – fell slightly. Both were up year-on-year.
The latest data from these platforms completes a mixed picture for the FX trading venue owners in August, for while all were comfortably up year-on-year, Thomson Reuters, NEX Markets, CME Group, CboeFX, FXSpotStream recorded month-on-month increases, while 360T, Integral and FastmatchFX reported small declines.

Thomson Reuters FX Volumes Up, 360T Down, in August

Thomson Reuters FX volumes rose slightly in August from July, thanks entirely to increased activity in non-spot FX products, while 360T’s ADV – which now includes Gain GTX turnover – fell slightly. Both were up year-on-year.
The latest data from these platforms completes a mixed picture for the FX trading venue owners in August, for while all were comfortably up year-on-year, Thomson Reuters, NEX Markets, CME Group, CboeFX, FXSpotStream recorded month-on-month increases, while 360T, Integral and FastmatchFX reported small declines.

Thomson Reuters Rolls Out Trade Analytics Product

Thomson Reuters has introduced Trade Performance Analytics (TPA) for FXall users, a new analytics solution aimed at helping FX traders assess the quality of their trade execution, identify new opportunities to improve performance, and demonstrate best execution to their stakeholders.

In a release issued today, Thomson Reuters says that the launch of TPA was driven by the growing sophistication and adoption of analytics to drive decision making amongst FX market participants. The firm says that some of the benefits of TPA are that it will allow users to assess the quality of their historical execution, conduct like-for-like comparisons of liquidity providers and make better informed trade planning decisions.

Thomson Reuters Lanches RTS 27 Now

Thomson Reuters has launched RTS 27 Now, something the firm says is a targeted reporting solution that leverages its Velocity Analytics platform to help banks that have newly registered as Systematic Internalisers under MiFID II complete their first regulatory report.
Under the MiFID II Systematic Internaliser (SI) regime, banks had to register with their national competent authorities as SIs by the end of August based on whether their trading activity exceeded levels set across different instruments by ESMA on August 1.

Thomson Reuters Adds Japanese Yen, Thai Baht Crosses

Thomson Reuters (TR) has launched real-time electronic trading of spot Japanese yen and Thai baht cross currency pairs on its Matching platform.

Cross-currency trading in JPY/THB and THB/JPY will be provided on TR’s electronic central limit order book platform to clients in Japan, Thailand and globally.

Recently, Japan’s Ministry of Finance (MOF) and Bank of Thailand (BOT) reached a mutual agreement on initiatives to promote the use of local currencies for trade and investment settlement, which includes, among others, promotion of the direct exchange rate quotation and interbank trading between the Japanese yen and the Thai baht.

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.

And Finally…

What’s in a name? It’s a question that is asked in all walks of life almost on a daily basis and the last week or so has seen it asked in financial markets as Thomson Reuters Financial & Risk Division prepares for life as Refinitiv. I must confess that on reflection I don’t have that much of a problem with the name itself, but the rebranding opens the window on a period of vulnerability for the renamed business as competitors eye one of its prized assets.

In the FICC of it

In this week’s In the FICC of it podcast, Colin Lambert and Galen Stops discuss the Mark Johnson trial, pointing out that if the current verdict is upheld despite the ongoing appeal against it and ACIFMA’s decision to file an amicus brief in support of the appeal, it could have a very significant impact on both the Global FX Code and how the FX industry operates more broadly. They also look at why crypto regulation is unlikely to move as fast as some people in the industry would like, and why this might not be such a bad thing.

Thomson Reuters Partners with Cryptocurrency Aggregator

Thomson Reuters is partnering with CryptoCompare, a cryptocurrency market data aggregator, to integrate order book and trade data for 50 cryptocoins onto its Eikon platform.

In a release issued today the two companies claim that adding CryptoCompare’s data to the Eikon platform will allow trading professionals and investors to gain a comprehensive view of the cryptocurrencies market and of market participant behaviour, enabling them to predict price movements with a high degree of probability.

Eikon users will be able to see data for actively trading coins, allowing them to potentially identify buy and sell opportunities and expand their digital asset portfolios.

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