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Quarter-end demand boosts FX June turnover -Reuters
LONDON, July 1 - The average daily value of spot currency transactions on Reuters trading platforms totalled more than $132 billion in June, data showed on Wednesday, rising from May due to quarter-end demand and an increased number of trading days.
Figures from Thomson Reuters's HIHIFRDS.com forex and money markets web site showed that combined daily spot forex turnover on Thomson Reuters Dealing, Matching and Reuters Trading for FX services increased from $113 billion in May and $103 billion April.
The monthly figures were released for the first time on Wednesday.
"There were less bank holidays in June, so there were more trading days compared with May and April, and we were coming to the end of the quarter, when trading volumes tend to pick up slightly," said Ian Villiers, spokesman at Thomson Reuters.
"At the same time, we have seen an uptick in trading volumes, ie. business coming in."
Global currency markets see more than $3 trillion worth of transactions each day. Turnover peaked in autumn in the aftermath of the collapse of Lehman Brothers.
According to data from currency settlement system CLS Bank, trade volumes have picked up in past months after decreasing late last year, when hedge funds and other market participants had reigned in activity due to the financial crisis.
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