Thomson Reuters (NYSE:TRI) revealed this Wednesday that its average daily volume (ADV) for currency trading exceeded $400 billion in September marking the second consecutive month in a row to breach this level in the company’s main forex spot trading services.
As is the trend, Summer months usually mean lower volatility on the forex markets. Taking a look at Thomson Reuter’s volumes, it seems the firm more or less managed to buck this trend, however, the firm did experience a considerable drop in volumes in July. In fact, March, April and June have been the strongest months in terms of ADV levels this year.
In September of 2018, saw a total ADV of its forex products come in at $425 billion. This total reflects trading volumes on Thomson Reuters Matching and FXall in all transaction types, including spot, forwards, swaps, options, and non-deliverable forwards.
Compared to , which experienced a total ADV of $403 billion, this is an increase of around 5 per cent. September’s value also managed to beat the reported figure of the same time period in 2017, even though it was only by approximately 3 per cent.
Despite this month-on-month and year-on-year increase, the figure is still below the highs experienced in February ($463 billion), March ($461 billion) and June ($452 billion). Nonetheless, it is still showing a recovery from the volumes experienced in July of this year, which fell by about 12 per cent month-on-month to $398 billion.
Thomson Reuters completes the sale of its F&R Unit
At the beginning of October, Thomson Reuters announced that it had of a majority stake in its Financial and Risk (F&R) unit to a consortium led by Blackstone Group, a private equity firm, in partnership with Canada Pension Plan Investment Board (CPPIB).
As , following the completion of the sale, the Blackstone consortium now owns a 55 per cent stake in the business with Thomson Reuters retaining 45 per cent. In addition, the F&R unit of Thomson Reuters is now known as Refinitiv.
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