FXall average daily volumes take 15.5% dive in February

Thomson Reuters has today announced the volume figures for February 2015 for it’s combined average daily volumes (ADV) on their FX electronic trading platforms Matching, FXall and the Thomson Reuters SEF. The volumes figures cover all spot, forwards, swaps, options and non-deliverable forwards traded on those platforms.

February’s ADV figures represent a 15.5% drop in spot FX transactions on the FXall platform compared with the highs experienced in January.

In February, $114 billion on average per day was traded on FXall’s spot FX platform, which despite being lower than the $135 billion traded on average per day in January is still a respectable figure, and whilst better than the $106 billion reported in December last year is relatively comparable to November’s $120 billion ADV.

January saw a 27% MoM rise in spot FX volumes to $135 billion ADV, versus $106 billion ADV in December 2014.Much of December’s slowdown due to holiday considerations and January’s steep monthly rise due to Swiss franc fireworks of the EUR/CHF floor disregard by the Swiss National Bank.

Kicking off the year, Reuters forwards, swaps, options and non-deliverable forwards saw a healthy increase as well with volumes clocking in at $263 billion ADV up from December 2014’s $243 billion ADV for an 8.2% increase.

Total volumes across the entire electronic trading business amounted to $355 billion on average per day, which although represents a decline over January’s $398 billion, is the highest since the $374 billion achieved in October, which was a period of high market volatility across the entire FX industry.



For the official announcement from Thomson Reuters, click here.

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