FX news: More September volumes
In keeping with the September trend (September volumes on the up), Thomson Reuters and CLS have announced an improvement in volumes this month.
Thomson Reuters saw ADV in excess of $133 billion. This represents the average amount traded daily on Thomson Reuters Dealing, Matching and Reuters Trading for FX. August saw ADV of $124 billion.
Reuters says volumes have increased because “the market has renewed its appetite for risk and this can be seen in the increased volumes of ZAR, TRY, THB, RUB, CNYHKD, and CNY traded across [its] systems.”
CLS settled a daily average of 762,954 instructions, up 5% on August. Average daily values settled in the month were also higher at $4.23 trillion, compared to $3.95 trillion in August.