Thomson Reuters and FXall Report Slowdown in August Trading Metrics

Leading FX Execution venues, Thomson Reuters and FXall have reported their monthly trading activity for August, as seen across other trading venues, the trend of a slowdown in August was present at Thomson Reuters and FXall.

Thomson Reuters, the inter-dealer trading portal, recorded a 6.14% drop in MoM figures. In August, the firm’s average daily trading volume was $107 billion, lower than July’s figure of $114 billion.

FXall saw volumes drop below the all-important $100 billion a day mark. In August, the average daily trading volume at FXall was $97 billion, 4.9% lower than the $102 billion traded in July.

Historically, August has been a slow month for both firms. In 2012, FXall traded $84 billion a day and Thomson Reuters traded $115 billion a day.

Unlike competitor EBS, whose volumes dropped 30% in August at $89 billion (ADV), Thomson Reuters has kept its head above the $100 billion mark, the closest it came to slipping short was in December 2012 ($102 billion ADV).