Three seems to be the magic number when it comes to Brexit. Or more specifically, the effect that the Brexit vote result had on FX trading volumes. After seeing a similar three-times-normal volumes result reported for Friday at institutional eFX platforms FastMatch and the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS), industry leader Thomson Reuters…
Read moreCalculated on available primary market data, WM/Reuters provides an accurate and robust FX rate that aligns with IOSCO principles for financial benchmarks.
Read moreFXall's $123 billion ADV January included a $197 billion day, its highest tally ever. China volume record too. Looks like 2014 is getting off to a great start in the institutional forex world. After seeing ICAP's EBS platform climb 23% from December (although still well behind last year), Thomson Reuters' own Forex ECN platform as…
Read moreTRI did, however, surpass 100,000 Eikon desktops installed early in Q4. Information provider Thomson Reuters (NYSE:TRI) reported mixed Q3 results this morning, which saw its earnings beat estimates but its revenues disappoint somewhat. One of the reasons given for the lighter revenues was lower trade volumes in foreign exchange and fixed income markets. Thomson Reuters…
Read more... however the Thomson Reuters / FXall combo seems to have overtaken EBS for leadership of the Forex ECN sector. After setting volume records in June, Thomson Reuters FX and its still-separately-run subsidiary FXall have reported forex volume slowdowns in first July and now in August as well. Thomson Reuters FX came in at $107…
Read moreFXall parent Thomson Reuters also has a nice month, with its best FX volumes in over a year. Forex ECN FXall, and its still-separately-run parent Thomson Reuters FX, each reported a nice month for forex volumes in June. FXall had its best ever month at $123 billion average daily volume -- up 14% over May…
Read moreThe competitors in the Forex ECN business will jointly provide FX rate fixings in major currencies. In what seems like a move meant to fend off upstart bank-backed competitors such as ParFX and FastMatch, Thomson Reuters and ICAP's EBS unit have announced that they will jointly release 30-minute FX rate fixings. Currently, Thomson Reuters and…
Read morePhil Weisberg to head Thomson Reuters FX; Jas Singh leaving. One of the themes we've covered recently has been that it is becoming clear why Thomson Reuters bought FXall -- as Thomson Reuters has seen its leading position in the Forex ECN business erode, FXall has remained the one ECN actually doing more volume this…
Read moreClear pattern emerging of slow institutional, but decent retail volumes in October. Thomson Reuters announced their October FX ECN volumes at $120 billion per day -- 10% off September's $133 billion and 23% below last year October's $155 billion. Thomson Reuter's anemic October figures follow similar results we've seen already from other ECN / institutional…
Read more... but still remain well below last year's levels. Thomson Reuters announced their September FX ECN volumes at $133 billion per day -- 16% above August's anemic $115 billion, but still 24% below last year September's $176 billion, and the $150B+ monthly figures seen throughout most of 2011. We are seeing a very clear pattern…
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