Thomson Reuters released January Forex volume data showing daily spot trading volumes on currency trading platforms run by Thomson Reuters rebounding sharply in January from the previous month.
Spot currency trading volume on Reuters platforms totaled $123 billion last month, up 35% from $91 billion in December – traditionally the lightest month of the year – and the highest since March 2015.
However, volumes were down compared with the same month a year prior with volumes lower by 9% (the month of the Swiss franc spike in 2015). Year over year volumes were down from $135 billion recorded in January last year.
Total foreign exchange trading volume across all platforms, including forwards, swaps, options and non-deliverable forwards (NDFs) rose 12% on the month to $377 billion from $337 billion, but fell 5% on the year from $398 billion.
Much of the trading in sterling and “dollar bloc” currencies like the Australian and Canadian dollars goes through Thomson Reuters platforms while rival platform EBS, which is owned by the world’s largest inter-dealer broker ICAP, has more euro and yen volume.