Thomson Reuters released its trading metrics for the month of September, which showed that spot average daily volumes (ADV) stood at $144 billion, compared with $107 billion in August, an increase of 34.6 percent MoM.
The spot forex ADV in September 2013 totaled $119 billion, hence last month’s figures represents an increase of 17.4 percent YoY.
The Thomson Reuters SEF platform, options, swaps, non-deliverable forwards and options jumped 10.1 percent to $273 billion from $248 billion in August 2014. The figure also surged 40 percent from September 2013, when the volumes stood at $195 billion.
The yearly growth in volumes was attributed to the rapidly growing client preference for the SEF platform. The monthly growth was mainly due to the rising volatility as the market settles after the long summer break.
The total combined volumes for September were up 17.7 percent to $418 billion, from $355 billion in August. The figures also increased 33.1 percent from September 2013, when they totaled $314 billion.
Meanwhile, Russian regulator has blacklisted an illegal scheme known as Monolith-Invest for misleading clients with a promise to offer a guaranteed rate of return on the clients’ investments. The company also offers to pay bonuses for successfully referring new customers as well as further compensation for marketing the company’s schemes.
CRFIN blacklisted the company due to insufficient transparency as well as exhibiting signs of ill intentions. The company operates two websites, which are http://personal-trader.ru/ and http://monolith-invest.ru/index.php.
CRFIN warned retail investors to avoid signing and depositing funds with this scheme as the risk of losing all if not the whole of their investment is very high.