Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for July 2016, with spot FX volumes dropping to $97 billion, 16% off MoM from June’s $116 billion. 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 July 2015 of $101 billion was 4% higher from the volume metric this year.
Other volumes including swaps, forwards and options averaged $262 billion in July 2016, down 5.8% MoM from June’s $278 billion, but rising 4% YoY from July 2015’s $252 billion.
As a result of the above segments performance, the total MoM ADV was off slightly, off 8.9% to $359 billion from June’s $394 billion, but up YoY 1.7% from July 2015’s $353 billion.
It should be noted that June was the best total month of the year combined due to massive Brexit volume as noted above.