Daily spot foreign exchange trading volumes on Thomson Reuters fell to the lowest since December 2013 last month. April volumes on Reuters Matching, Dealing and Trading for FX fell to $90 billion from $130 billion a year ago and $110 a month earlier.
Industry players are confirming that a combination of low interest rates across the developed world and an uncertain regulatory environment have hammered volumes of trade in the spot foreign exchange market over the past year. Volatility on the main developed world currencies, which tends to go hand in hand with volume and profit for traders, is at long-term lows.
Volumes on Thomson Reuters’ buy-side focused business, FXall, rose 22 percent year over year to $132 billion and was unchanged from a month earlier, which is an accomplishment in itself considering April numbers across the board within the industry. FXall recently won for the 12th straight year best Multibank and Independent Platform in Euromoney.
.@FXall has been named “Best Multibank & Independent Platform” in the Euromoney FX poll for the 12th straight year: https://t.co/Lz8M7IaUCI
— Thomson Reuters (@thomsonreuters) May 12, 2014
