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Green Target
CLS FX trading activity December 2025
Reports
2 min read
Reports
2 min read
2.38 USD trillion
Total daily traded volume submitted to CLS
up 17.2% from December 2024
Lisa Danino-Lewis
Chief Growth Officer
“In December 2025, we saw average daily traded volumes of USD2.38 trillion, an increase of 17.2% compared to December 2024. Over the same period, we saw an increase in overall volume across all instruments. FX forward volumes increased by 25.2%, FX swap volumes by 19.2% and FX spot volumes by 8.9%”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
December 2024 |
November 2025 |
December 2025 |
|---|---|---|---|
| Forward | 0.131 | 0.266 | 0.165 |
| Swap | 1.429 | 1.726 | 1.703 |
| Spot | 0.474 | 0.555 | 0.516 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.034 | 2.547 | 2.384 |
* 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.