Tom Arran Tom Arran, fredag 10th januari 2020, 2:45 e m CET
Refinitiv

FX Volumes Remain Flat As Refinitiv Consolidation Continues

Refinitiv, a former Thomson Reuters Risk and Financial business, reported on Wednesday that last month’s average daily currency trading volumes on its main FX trading services were $395 billion. The figures released for December were the lowest in the preceding seven month with the lowest of those being in May when the company’s volumes were $383 billion.

Refinitiv, who saw its FX products averaging daily volumes under the $400 billion mark, showed that after a subdued fourth quarter that volatility was returning to the FX Markets. The recent bull run, which was modest, was one that created for industry players a profitable opportunity from its major venues.

This included those such as Euronext to multiple FX brokerages focused on the retail sector. However, this month the company failed in their attempts to capture volume rebounds and that resulted in their FX products remaining somewhat less based on a month-on-month basis.

Specifically speaking, Refinitiv saw their average FX product daily volume totals dropping under the $400 billion mark. That total relates to the financial data provider’s FX platforms for all transaction types including swaps, spots, options, non-deliverable forwards and forwards.

Consolidation of FX volumes

The figures from December show a 0.8% drop from the ‎$398.0 billion reported in November. The company also was unable to outpace the turnover in trading during the same time in 2018 and that represented a 0.3% decline. Considering December was a month that most major currencies performed well when compared to the dollar and experienced comebacks which were directly related to the potential of an initial Sino-US trade deal between.

The average spot trading volumes increased to $78 billion, up 4% over the previous month but a decline compared to 2018, when it did $90 billion.

After a bumpy road in 2019, the recent improvements, while seen positively, are modest. The figures released by Refinitiv show a trend for most trading platforms. However, considering it is a major wholesale market trading hub, the company shows one of the most comprehensive snapshots of recent activity.

Tom Arran

Författare: Tom Arran

Tom has over 10 years experience on crypto currencies, first mining bitcoin on an old university computer for 20 cents a coin to now day trading bitcoin in between helping to start whichbroker.com. Tom has previously held roles at a leading EU brokerage and provided insight and consultancy work for number of UK banks in Crypto. Tom Arran can be contacted at [email protected], Visa alla inlägg av Tom Arran

Featured Brokers

  • EagleFX

    Open EagleFX Account

    Read EagleFX Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • FXPesa Review

    Open FXPesa Account

    Read FXPesa Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Pepperstone, TrioMarkets, Nano Bitgrail

    Open Tiomarkets Account

    Read Tiomarkets Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

More From Author