Thomson Reuters’ Spot Trading Volumes Decline Again in April

Thomson Reuters (NYSE:TRI) disclosed its FX trading volumes for April 2016, which rebounded slightly, avoiding a consecutive monthly decline after a disappointing March release, according to a Thomson Reuters statement.

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Looking at the latest figures, Thomson Reuters saw a total average daily volume (ADV) of its foreign exchange (FX) products, including spot, forwards, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term options and non-deliverable forwards (NDF), come in at $373 billion, which was higher by a factor of 3.0% MoM from $362 billion in March 2016. The figure was also slightly more upbeat when weighed against April 2015, as it was higher by 1.1% YoY from $369 billion.

Breaking down April’s total $373 billion of ADV, $97 billion was FX spot volume compared to $276 billion for other products. Monthly spot FX volume fell for a third consecutive month, this time declining by -6.7% lower MoM from $104 million in March 2016 – by extension, all other products’ volume at Thomson Reuters in April 2016 climbed 7.0% MoM from $258 billion in the month prior.

Thomson Reuters made headlines late last month after it also reported its Q1 2016 operating figures – these were mostly lower across the board relative to the same figures for 2015, however the one saving grace was an influx of cash flow from its operations, which secured a virtual groundswell in 2016.