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Spot forex trading on Thomson Reuters platforms hits five-month high

Tuesday 8 September 2015

Daily spot trading volumes on Thomson Reuters' foreign exchange platforms jumped almost 20 per cent to a five-month high in August as traders sought to profit from China-driven market volatility.

Figures released by the company also showed total daily volumes across all types of trading, including swaps, forwards and options, rose to $364 billion, compared with $353 billion in July and $355 billion in August 2014.

Average daily spot trading reached $119 billion in August, up from $101 billion in July and the highest since March. That was also more than 10 per cent higher than the average $107 billion in the same month last year.

Data from rival FX platform EBS also showed a pick-up in trading for August. Its total daily volumes were up 22 per cent on the month at $82.1 billion. ■

SOURCE
Reuters