Thomson Reuters November volumes decline; FXall numbers edge higher

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The flow of FX trades processed through Thomson Reuters’ market-leading service continued to decline in November after a tepid October.

Meanwhile, average daily volumes (ADVs) on FXall, the leading multi-dealer platform for non-financial corporates and asset managers – which was acquired by Thomson Reuters in July – went up slightly last month. November ADVs on Thomson Reuters Dealing, Matching and Reuters Trading for FX, the company’s main FX spot trading service, fell by 7.5% to $111 billion from $120 billion in October.

Thomson Reuters November ADVs ($billions)

 Source: Thomson Reuters

FXall’s November ADVs – which represent the average amount traded daily, counting one side of the trade on the platform’s main relationship trading and active trading services – increased by 1% to $95 billion from $94 billion in October. Year-on-year, Thomson Reuters’ ADVs remain down by 26% from $150 billion in November 2011. However, FXall’s year-on-year ADVs stayed in positive territory, up 15% from the $82 billion seen in November 2011.

ADVs on Icap-owned EBS – Thomson Reuters’ leading competitor – rose in November to $103.8 billion after hitting an all-time record low in October.