Traders associated with the most liquid asset class have gained a lot of self-confidence after changes in the most powerful banking institution in the world – FED – which calmed down the volatility after months of chaotic market movements. This can be seen in the January report published by one of the largest companies involved in currencies trading on a global scale.
Thomson Reuters, a dealer based in Great Britain can boast of a dynamic growth in trading volumes – with the ADV more than $117 billion. It’s a really strong upward bounce after huge declines in trading activity, which we observed in the last months of 2013 after the U.S. government shutdown and tapering which was keeping traders on the sidelines.
January in the global currency markets is usually a kind of “starter” after the winter holiday season and a bit dormant December – everyone is preparing for achieving years peak in March and April. Average daily volumes at the level of $117 billion gave an increase of 27% compared to the previous month.
After falling below the psychological limit of one hundred billion dollars in October and December 2013, Thomson Reuters has become a great example of how the mood among the leading market participants is changing, along with the expectations of market stability.
FXall, foreign ECN operating under the Thomson Reuters also ended January with positive results. Average daily volumes for FXall platform amounted to $123 billion – an 23% MoM increase and 13% YoY increase.
Head of FX Thomson Reuters, Phil Weisberg, commented the most recent results of his company:
“January’s robust trading volumes demonstrate the FX community’s on-going confidence in Thomson Reuters to provide reliable and trusted access to both primary market and dealer-to-client liquidity.”
