Thomson Reuters FX Volumes in May Lowest Since December 2014

Friday, 05/06/2015 | 18:39 GMT by Victor Golovtchenko
  • The figures represent a second consecutive monthly decline as May marks the slowest month for the ECN in 2015.
Thomson Reuters FX Volumes in May Lowest Since December 2014
Thomson Reuters

One of the leading ECNs in the industry has reported its monthly foreign Exchange trading volumes figures for May. The aggregated average daily volumes (ADV) for Thomson Reuters Matching and FXall have marked the lowest figure since December 2014 at $353 billion.

The figure is lower by about 4 percent when compared to the previous month and mostly flat year-on-year, when both entities of Thomson Reuters registered $351 billion.

The ADV for spot trading totaled $110 billion, which is almost 7 percent lower than April yet mildly higher year-on-year.

the report confirms that ICAP’s EBS competing solution is experiencing a renaissance

This report confirms that ICAP’s EBS competing solution is experiencing a renaissance after committing substantial resources to revamp its offering during the past 18 months.

In terms of market Volatility the figures reflect the somewhat subdued market activity in May. As the dollar rally has paused for the time being, volumes have declined. June looks promising as a vibrant discussion on the Federal Reserve’s Open Market Committee about when to raise interest rates is likely to continue.

Today’s very strong non-farm payrolls data from the U.S. could reignite this debate.

After the announcement today, a research note by Barclays has highlighted, “We view this report as supporting our view that the Q1 softness was likely temporary and driven by one-off factors. We see the economy returning to more solid growth from Q2 onwards and for the recovery to be sustained. As a result, we continue to look for the first rate hike in September.”

One of the leading ECNs in the industry has reported its monthly foreign Exchange trading volumes figures for May. The aggregated average daily volumes (ADV) for Thomson Reuters Matching and FXall have marked the lowest figure since December 2014 at $353 billion.

The figure is lower by about 4 percent when compared to the previous month and mostly flat year-on-year, when both entities of Thomson Reuters registered $351 billion.

The ADV for spot trading totaled $110 billion, which is almost 7 percent lower than April yet mildly higher year-on-year.

the report confirms that ICAP’s EBS competing solution is experiencing a renaissance

This report confirms that ICAP’s EBS competing solution is experiencing a renaissance after committing substantial resources to revamp its offering during the past 18 months.

In terms of market Volatility the figures reflect the somewhat subdued market activity in May. As the dollar rally has paused for the time being, volumes have declined. June looks promising as a vibrant discussion on the Federal Reserve’s Open Market Committee about when to raise interest rates is likely to continue.

Today’s very strong non-farm payrolls data from the U.S. could reignite this debate.

After the announcement today, a research note by Barclays has highlighted, “We view this report as supporting our view that the Q1 softness was likely temporary and driven by one-off factors. We see the economy returning to more solid growth from Q2 onwards and for the recovery to be sustained. As a result, we continue to look for the first rate hike in September.”

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 18 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 18 Followers

More from the Author

Institutional FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}