CLS Group average daily traded volume up 11% MoM in September

CLS adds end-of-day FX trade reporting for MiFID II

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

The average daily traded volume submitted to CLS was USD1.750 trillion up 10.7% from USD1.581 trillion in August 2017.


September 2016 August 2017 September 2017
Average daily traded volume submitted to CLS by product (USD trillion)      
Swap 0.982 1.052 1.137
Spot 0.442 0.433 0.510
Forward 0.090 0.096 0.102
Total average daily traded volume submitted to CLS(USD trillion) 1.514 1.581 1.750

Due to rounding, numbers presented throughout the document may not add up precisely to the totals provided and percentages may not precisely reflect the exact figures.

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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CLS Group average daily traded volume up 11% MoM in September


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