Thomson Reuters – which operates Spot FX ECN services Thomson Reuters Dealing, Matching and Reuters Trading for FX – announced that their July average daily FX volumes declined by over 9% from June levels to $130 billion. This is the second consecutive month of volume declines for Thomson Reuters, although roughly in line with softer July numbers we have already seen from the CME Group, FXCM, and FXall – which Thomson Reuters is in the process of acquiring.
Based on the data seen so far, we expect a high-single-digit / low-double-digit percent decline in the July Retail FX Volume Index, sponsored by Leverate, which should be out next week. Stay tuned…
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.
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