Year on year growth remains steady for FXall, Thomson Reuters growing more rapidly month on month
The last big data set for institutional November volume metrics is in and the rebound is confirmed. Thomson Reuters reported that volumes have risen during the month of November. Both FXall and the parent have fared better than in October, but metrics are still lower than September data. Thomson Reuters accounted for $104 billion average daily turnover which was 7% higher than the previous month, yet still lower 6% year on year.
Subsidiary FXall reported numbers to be marginally higher than in October by 2%, while keeping a steady increase year on year by 14%. Both numbers are still lower than those reported back in September, but considering the volatility due to the surprise decision by the Federal Reserve to to start their widely expected tapering program it is explainable why volumes spiked so much back then.
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