Currency trading on Thomson Reuters' platforms rose 23 percent in May from a year earlier, the company said, as political turbulence in Italy and a raft of new US trade tariffs increased activity on foreign exchanges. Average daily volumes topped $432 billion in May compared with $350 billion in May 2017, Thomson Reuters said in a statement.
May volumes, however, were below those reached earlier this year. Thomson Reuters' volumes hit a record $463 billion in February after volatility jumped from multi-year lows, surprising investors and encouraging more trading. NEX Group, another big player in the foreign exchange market, earlier this week reported a 25 percent rise in average volumes in May. Thomson Reuters said spot volumes came in at $107 billion each day on average during May.
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