CLS April average daily traded volume down 5% MoM

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of April 2017.

The average daily traded volume submitted to CLS was US$1.52 trillion down 5.0% from US$1.60 trillion in March 2017.

  April 2016 March 2017 April 2017
Average daily traded volume submitted to CLS by product (USD trillion)


Swap 0.976 1.039 0.988
Spot 0.473 0.462 0.435
Forward 0.075 0.095 0.093
Total average daily traded volume submitted to CLS (USD trillion) 1.52 1.60 1.52

From January 2017, CLS altered the reporting methodology for the FX data it makes available on a monthly basis. The data provided is based on executed trade volumes submitted to CLS. It is adjusted to equate to the same reporting convention used by the Bank for International Settlements (BIS) and the foreign exchange committees’ semi-annual FX volume surveys. These surveys only report one side of any trade, and only one of the four legs of FX swap trades, to avoid double counting the total amount of trades.

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