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Screenshot of a breaking news alert e-mail from Q2 2017
Thomson Reuters – which operates Spot FX ECN services Thomson Reuters Dealing, Matching and Reuters Trading for FX – announced that their May average daily FX volumes rose by 18% in May from April levels to $154 billion, their best month since last October, although slightly below last year May’s $161 billion.
May is shaping up to be a very nice month volume-wise in the FX world, as we posited at the end last month would occur, due to increased volatility.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.