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Thomson Reuters spot FX volumes fall 21 pct in March

Published 2016-04-12, 04:29 a/m
© Reuters. Thomson Reuters spot FX volumes fall 21 pct in March
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By Jamie McGeever
LONDON, April 12 (Reuters) - Daily spot trading volumes on
currency trading platforms run by Thomson Reuters TRI.TO fell
sharply in March, continuing the downward trend of recent
months, according to figures the company published late on
Monday.
Spot currency trading volume on TR platforms totalled $104
billion in March, down 21 percent from $132 billion in March
last year, and down 6 percent on the previous month.
Total foreign exchange trading volume across TR platforms,
including forwards, swaps, options and non-deliverable forwards
(NDFs) fell 10 percent to $362 billion a day in March from $402
billion the same month last year.
The decline in trading volume across the world's largest
financial market is the result of tighter bank regulation,
fragile emerging markets and lighter global trade flows,
analysts say.
Total volume actually rose 1.7 percent from February thanks
to a rise in non-spot trading activity, the TR data showed.
But the broader downward trend mirrors figures from rival
platform EBS, which is owned by the world's largest inter-dealer
broker ICAP IAP.L . EBS daily volume fell 27 percent in March
to $83.7 billion, figures released last week showed.
Much of the trading in sterling GBP=D4 and "dollar bloc"
currencies like the Australian AUD=D4 and Canadian dollars
CAD=D4 goes through Thomson Reuters platforms while EBS has
more euro EUR= and yen JPY= volume.

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