Thomson Reuters December forex trading highest since at least 2013
Monday 8 January 2018
Currency trading on Thomson Reuters platforms in December topped $392 billion, the highest for that month since at least 2013, as trading in derivatives soared, the company said.
Average daily volumes fell slightly from November’s $397 billion, but the December volume was still the third-strongest of any month in 2017 as traders pushed the euro higher against the dollar and placed bets during a European Union summit focused on Britain’s exit from the bloc.
Spot volumes came in at $88 billion each day on average during December, down from $94 billion in November, Thomson Reuters said.
Other transaction types - including forwards, swaps, options and non-deliverable forwards - averaged $304 billion per day last month, compared with $303 billion the previous month - the second-highest since at least January 2013. ■