Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Trump victory pushes up spot trading on Thomson Reuters FX platforms

Published 12/06/2016, 06:41 AM
Updated 12/06/2016, 06:50 AM
© Reuters.  Trump victory pushes up spot trading on Thomson Reuters FX platforms

© Reuters. Trump victory pushes up spot trading on Thomson Reuters FX platforms

By Jemima Kelly

LONDON (Reuters) - Average daily spot trading volumes on currency trading platforms run by Thomson Reuters (TO:TRI) jumped to a five-month high in November, the company said on Tuesday, boosted by big moves in foreign exchange markets following Donald Trump's unexpected victory in the U.S. presidential election.

Total currency trades across TR platforms, including forwards, swaps, options and non-deliverable forwards (NDFs), dipped to a daily average of $359 billion, from $364 billion a day in October. Compared with the same month last year, though, average daily volumes were up 14 percent.

Spot trading on TR platforms climbed to a daily average of $101 billion over the month, up from $95 billion in October and $90 billion in the same month last year. That was the highest level since June, when volumes spiked after Britain's shock vote to leave the European Union.

Rival currency trading platform EBS said earlier this month that its volumes had jumped 37 percent on the month, with trading in the three big currencies on the platform - the dollar, euro and Japanese yen - rising by as much as 52 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.