April showers did not bring May flowers at Thomson Reuters, with FX volumes down 3.3%

With only  a few large FX firms having made some headway in reversing the continually contracting trading volumes that have prevailed since the beginning of the year, Thomson Reuters’ (NYSE:TRI) announcement of its trading metrics for May 2014 bear out the general direction that this year’s environment is not improving.

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Average daily FX volumes (ADV) at Thomson Reuters matching operations for May this year amounted to $87 billion, which represents a 3.3% decrease over the figures achieved in April, and a 38% decline from the highs of May 2013, a period when the entire FX industry was experiencing a sustained run of very high volumes.

FXall, the professional trading platform which Thomson Reuters purchased for $625 million two years ago, has also experienced a decline in trading revenues, with ADV for May this year down 3.8% compared with April, representing the second lowest results in what has been widely acknowledged as a difficult year.

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