Thomson Reuters forex volumes dip for second month

Average daily spot volumes were $107 billion, down six per cent from $114 billion in July and also lower than the $115 billion in August 2012. It was the second straight month that daily volumes on the Thomson Reuters platform had fallen.

On FXall, the electronic foreign exchange platform acquired by Thomson Reuters last year, average daily volumes fell to $97 billion in July from $102 billion in July. Volumes were up 15 per cent from August 2012 when they were at $84 billion.

Forex volumes are showing signs of flagging after hitting record highs earlier this year, Reuters reported. Part of the reason for the drop in August was because most traders were on holiday. ■