Thomson Reuters published January Forex volume data, confirming an increased daily spot trading volumes on forex trading platforms run by Thomson Reuters, making an impressive rebound from December.
According to Thomson Reuters volume of spot currency trading volume on Reuters platforms reached together $123 billion in January, rising 35% from December’s $91 billion and reaching the highest level since March 2015. Nevertheless, December is a month with the lowest volumes in most of the years.
However, January 2015 (mostly due to the Swiss National Bank surprise) showed even higher volumes, which were 9% higher in comparison with January 2016. Year over year volumes were down from $135 billion recorded in January last year.
Total forex trading volume across all platforms (forwards, swaps, options and non-deliverable forwards (NDFs)) jumped 12% over January 2016 to $377 billion from $337 billion, but lost 5% on the year from $398 billion.
Large portion 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.
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