Thomson Reuters FX Volumes Continue to Improve from July Lows in September

Thomson Reuters (NYSE:TRI) revealed this Wednesday that its average daily volume (ADV) for currency trading exceeded $400 billion in September marking the second consecutive month in a row to breach this level in the company’s main Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term spot trading services.

As is the trend, Summer months usually mean lower Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term on the forex markets. Taking a look at Thomson Reuter’s volumes, it seems the firm more or less managed to buck this trend. However, the firm did experience a considerable drop in volumes in July. In fact, March, April, and June have been the strongest months in terms of ADV levels this year.

In September of 2018, Reuters saw a total ADV of its forex products come in at $425 billion. This total reflects trading volumes on Thomson Reuters Matching and FXall in all transaction types, including spot, forwards, swaps, options, and non-deliverable forwards.

Compared to August, which experienced a total ADV of $403 billion, this is an increase of around five percent. September’s value also managed to beat the reported figure of the same period in 2017, even though it was only by approximately three percent.

Despite this month-on-month and year-on-year increase, the figure is still below the highs experienced in February ($463 billion), March ($461 billion) and June ($452 billion). Nonetheless, it is still showing a recovery from the volumes experienced in July of this year, which fell by about 12 percent month-on-month to $398 billion.

Thomson Reuters Completes Sale of F&R Unit

At the beginning of October, Thomson Reuters announced that it had completed the sale of a majority stake in its Financial and Risk (F&R) unit to a consortium led by Blackstone Group, a private equity firm, in partnership with Canada Pension Plan Investment Board (CPPIB).

As Finance Magnates reported, following the completion of the sale, the Blackstone consortium now owns a 55 percent stake in the business with Thomson Reuters retaining 45 percent. In addition, the F&R unit of Thomson Reuters is now known as Refinitiv.