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Thomson Reuters’ Spot FX Volumes Dip In February, Overall Volumes Up YoY

Although spot FX volumes were down
year-on-year across Thomson Reuter’s platforms in February, overall FX volumes
were up 28% from the same month the previous year.

Thomson Reuters recorded an average daily
volume (ADV) of $111 billion for spot FX trading in February 2016, while the
total ADV for FX products across its platforms was $356 billion.

This means that its spot FX volumes were
down 9.8% from the ADV of $123 billion recorded in January 2016 and down 2.6%
from the $114 billion recorded in February 2015.

In contrast, the overall ADV across TR’s FX
platforms in February declined 5.7% from the previous month’s ADV of $377
billion, but rose by 28% from February 2015’s total volume of USD $355 billion.

This overall figure represents trading
volumes on Thomson Reuters Matching and FXall in all transaction types,
including spot, forwards, swaps, options and non-deliverable forwards (NDFs).

Of the other OTC FX platforms that have
reported February volumes, FastMatch,
Hotspot
and EBS
all reported ADVs that were similar to the previous month, but up year-on-year.


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Galen Stops

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