Just one day after announcing that Chief Executive Officer David Puth has decided to step down after leading the company since 2012, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of August 2018.
The average daily traded volume submitted to CLS was USD1.605 trillion down 2.1 percent from USD1.638 trillion in July 2018.
Average daily traded volume submitted to CLS by product (USD trillion)*
|August 2017||July 2018||August 2018|
|Total average daily traded volume submitted to CLS (USD trillion)||1.581||1.638||1.605|
* 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.