CLS April FX volumes drop, confirming institutional slowdown – ADV down 14%

Monthly Volumes and Values, April 2014

Total Input Volumes and Values

In April 2014:

  • The average daily volume submitted to CLS, combining the settlement and aggregation services, was 983,850 down 14.9% from 1,155,507 in March.
  • The average daily value submitted to CLS was US$4.79 trillion down 10.5% from US$5.35 trillion.


*Input volumes are the number of instructions received by CLS on a given day for future settlement. Input instructions are not necessarily settled during the month in which they were submitted.

Note: CLS reports both sides of an FX transaction. To adjust the average daily value data to equate to the same reporting convention used by the Bank for International Settlements and the semi-annual foreign exchange committee market reports, the gross values should be divided by two.

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