In August 2020, the average daily traded volume submitted to CLS was USD1.649 trillion, down 0.5 percent from USD1.657 trillion in July 2020
CLS’s Head of Information Services, Masami Johnstone, commented:
“Daily traded volumes in August were flat (-0.5%) versus the previous month, at USD1.65 trillion. This comprised FX swap volumes of USD1.188 trillion (-0.3%), forward volumes of USD77 billion (-3.8%) and spot volumes of USD384 billion (-0.5%). Compared to August 2019, FX swap volumes were slightly down (-0.8%), while forward and spot volumes recorded a decrease of 30.6% and 12.9%, respectively.
“On Thursday 27 August, Fed Chairman Powell’s speech at the Jackson Hole conference announcing a move to a flexible average inflation targeting regime coincided with the peak August volume of USD2.28 trillion.”
|
Average daily traded volume submitted to CLS by product (USD trillion)* |
August 2019 |
July 2020 |
August 2020 |
|
Swap |
1.198 |
1.191 |
1.188 |
|
Spot |
0.441 |
0.386 |
0.384 |
|
Forward |
0.111 |
0.080 |
0.077 |
|
Total average daily traded volume submitted to CLS (USD trillion) |
1.750 |
1.657 |
1.649 |
* 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.