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One of the most prominent interdealer brokers, Thomson Reuters, has released its monthly average daily FX volumes for October 2014, which include matching, FXall and the Thomson Reuters SEF as a combined calculation.
For the month of October, all spot FX, forwards, FX options and non-deliverable forwards at Thomson Reuters amounted to $374 billion, which is considerably down from September’s unusually high $418 billion.
As far as spot FX average daily volume is concerned, October’s $135 billion figure manifested itself during October as a 6.4% decrease over the average daily volumes of $144 billion achieved in September
Despite an 11.1% decrease in total average daily volumes in October over those of September which were the best results so far this year across the company’s combined operations, October’s $374 billion still represents a buoyant monthly figure for average daily volumes, which is still higher than the vast majority of other months during 2014, with the exception of June’s $388 billion.
The moot point with regard to October’s trading volumes at Thomson Reuters is that October this year represented a month in which trading activity across many institutional and retail firms has outstripped that of even the healthy figures generated in September.
This dynamic was reflected in rival platform EBS during October, whose volumes increased over September, whilst September’s volumes were not replicated or improved upon at Thomson Reuters.
For the official announcement from Thomson Reuters, click here.