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CLS FX trading activity January 2026
Reports
2 min read
Reports
2 min read
2.77USD trillion
Total daily traded volume submitted to CLS
up 24.5% from January 2025
Lisa Danino-Lewis
Chief Growth Officer
"In January 2026, we saw average daily traded volumes of USD2.77 trillion, an increase of 24.5% compared to January 2025. Over the same period, we saw an increase in overall volumes across all instruments. FX forward volumes increased by 32.9%, FX swap volumes by 24.2% and FX spot volumes by 22.1%”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
January 2025 |
December 2025 |
January 2026 |
|---|---|---|---|
| Forward | 0.198 | 0.165 | 0.263 |
| Swap | 1.481 | 1.703 | 1.839 |
| Spot | 0.543 | 0.516 | 0.663 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.222 | 2.384 | 2.765 |
* 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.