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

Thursday, 11/10/2018 | 09:11 GMT by Celeste Skinner
  • The firm revealed that its average daily forex volumes exceeded $400 billion for the second consecutive month.
Thomson Reuters FX Volumes Continue to Improve from July Lows in September
Reuters

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 companyโ€™s main Forex spot trading services.

As is the trend, Summer months usually mean lower Volatility on the forex markets. Taking a look at Thomson Reuterโ€™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. Septemberโ€™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.

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 companyโ€™s main Forex spot trading services.

As is the trend, Summer months usually mean lower Volatility on the forex markets. Taking a look at Thomson Reuterโ€™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. Septemberโ€™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.

About the Author: Celeste Skinner
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