CLS Group’s ADV up 11% MoM in January

CLS Group trading volumes

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of January 2020.

The average daily traded volume submitted to CLS was USD1.77 trillion, up 10.8 percent from USD1.60 trillion in December 2019.



Average daily traded volume submitted to CLS by product (USD trillion)*

January 2019 December 2019 January 2020
Swap 1.253 1.145 1.263
Spot 0.445 0.370 0.401
Forward 0.086 0.084 0.108
Total average daily traded volume submitted to CLS (USD trillion) 1.784 1.599 1.772

 * 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.

CLS’s Head of Information Services, Masami Johnstone, commented:

We saw average daily traded volumes in January 2020 of USD 1.77 trillion, representing a decline year-on-year of 1% compared to January 2019.

Over the same period, swap volumes showed a modest increase of 1%, and spot decreased by 10%, while there was a sharp increase in forward volumes of 26%.

Major macroeconomic factors affecting the FX market in January 2020 included the global threat of Coronavirus, Brexit, a US-China Trade Deal and strengthening of the USD, supported by superior growth and bond yield in the US.

Average daily traded volumes in January 2020 were up 10.8% month-on-month compared to December 2019.

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