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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,
and EBS
all reported ADVs that were similar to the previous month, but up year-on-year.


Galen Stops

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