CLS FX trading activity January 2020

In 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.

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.”

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.

Media contacts

For media inquiries and interview requests, please contact:

Greentarget
+44 020 7250 7007