Thomson Reuters Had Trading Bonanza in January, FX Volumes Hit ‎Record Highs

Thomson Reuters (NYSE:TRI) had a wild start to the new year and that appears to have translated into record-breaking trading volumes across its foreign exchange business. January 2018 was characterized by a number of influential factors across global markets, including interest rates and fiscal policies speculation in both the US and Europe, which ultimately helped spark volatility.

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Relative to a rather uneventful December, January 2018 proved to yield a far more dynamic market for FX. Thomson Reuters also successfully onboarded more buy-side clients and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers onto its enhanced Multilateral Trading Facility (MTF), post-MiFID II implementation, the company said.

In particular, Thomson Reuters saw a total average daily volume (ADV) of its foreign exchange (FX) products, including spot, forwards, swaps options and non-deliverable forwards (NDF), coming in at $432.1 billion, an increase of 10.2 percent month-over-month from $392 billion in December 2017.

Additionally, the figure was higher compared to January 2017, marking a gain of 26.3 percent year-over-year from $342 billion a year ago.

Of the $432 billion, $107 billion was FX spot, which also represents a notable advance over both monthly and yearly intervals. The latest figure reflects a 22.7 percent rise from the $88 billion set back for FX spot volumes in December 2017. On a year-over year basis, spot volumes were also pointed higher after managed to overcome the $91.0 billion reported a year ago – this was a march higher of 18.7 percent year-over-year.

Other transaction types – including forwards, swaps, options and non-deliverable forwards (NDFs) – averaged $325 billion daily, up 7.0 percent from $304 billion the previous month.

The latest performance follows an industry trend, which saw most ECNs and trading venues secure growing volumes in January.

Commenting on this, Neill Penney, co-head of Trading at Thomson Reuters said: “Following preparation for and then implementation of one of the most complex regulatory initiatives in a generation, our success over the last month reflects the value we place in listening to our clients and ensuring our solutions meet their MiFID II needs. As the market evolves, we are committed to making additional enhancements across our trading businesses, including enriched Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and algo trading capabilities.”

Thomson Reuters CEO Jim Smith was hospitalized in Toronto yesterday “after feeling unwell and remains under observation at the hospital”, the company said on Tuesday.

The information provider didn’t disclose further details but said its CFO Stephane Bello will oversee Mr. Smith’s responsibilities during his absence.