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Screenshot of a breaking news alert e-mail from Q2 2017
Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for August 2016, with spot FX volumes dropping to $83 billion, 14.4% off MoM from July’s $97 billion.
The summer slowdown of July and August hit after the massive volatility on Brexit day saw Reuters FX trading platforms report 3x the normal volume the Friday of the vote during June, with spot accounting for the 2nd best monthly results of the year for the platform other than January’s reading when China was spooking markets.
Spot FX annual comparisons were also off, as the ADV in August 2015 of $119 billion was 30% higher from the volume metric this year.
Other volumes including swaps, forwards and options averaged $259 billion in August 2016, down 1.1% MoM from July’s $262 billion, but rising 5.7% YoY from August 2015’s $245 billion.
As a result of the above segments performance, the total August MoM ADV was off 4.7% to $342 billion from July’s $359 billion, and off 6% YoY from August 2015’s $364 billion.