Average daily spot FX volumes on EBS in October were $170 billion, a 7% decline over September but still a 6% year-on-year increase. Average daily FX spot volumes on Thomson Reuter’s main FX spot trading services – Reuters Dealing, Matching and Reuters Trading for FX – fell for the first time in three months to $155bn in October.
This represents a 12% decline from the previous month, though still a 3% increase year-on-year.
Turnover has fallen in all currencies since the summer months, when unfolding events in the eurozone drove unusually high trading volumes, but risk-associated currencies such as the Australian dollar “continue to see higher than normal levels of turnover”, says Jas Singh, global head of marketplaces at Thomson Reuters.