Thomson Reuters forex volumes rose 20% year-on-year in October

October’s $374 billion a day compared with trading activity of $418 billion in September.

Daily spot foreign exchange volumes on Thomson Reuters' competitor, EBS, which has a dominant share of business in the dollar, yen and the euro, hit a three-year high of $250 billion on 31 October, the day the Bank of Japan announced more quantitative easing.

Average spot daily volumes on Thomson Reuters platforms in October were at $134.8 billion, lower than the $144.2 billion in September.

Global Head of FX Phil Weinberg said: “We’ve been hard at work all year improving the capabilities we offer clients and have expanded our client footprint considerably as a result. That means when times are volatile, we are in a position to help an ever expanding group of clients across multiple segments and geographies meet their overall FX Trading requirements in a variety of instruments which has resulted in the steady growth of Thomson Reuters in the FX space.” ■