CLS Group’s ADV up 5% MoM in September

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 September 2019.

The average daily traded volume submitted to CLS was USD1.84 trillion, up 5.3 percent from USD1.75 trillion in August 2019.

*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.

Rob Franolic, CLS Data Officer commented:

In September, we saw average daily traded volumes of USD1.84 trillion. This represents growth of 5.3% compared to August, and 6.5% compared to September last year. The overall growth is being driven by the FX swap market, and we witnessed record volumes of USD1.34 trillion. Increased FX swap activity is consistent with increased hedging, reflecting concerns around geo-political risks such as Brexit and US-China trade relations.

More recent news from CLS can be found below:

• CLS hires Euronext’s Masami Johnstone as Head of Information Services
• CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first