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Green Target
CLS FX trading activity July 2025
Reports
2 min read
Reports
2 min read
2.32 USD trillion
Total daily traded volume submitted to CLS
up 7.9% from July 2024
Lisa Danino-Lewis
Chief Growth Officer
“In July 2025, we saw average daily traded volumes of USD2.32 trillion, an increase of 7.9% compared to July 2024. Over the same period, we saw an increase in overall volumes across all instruments. FX forward volumes increased by 8.5%, FX swap volumes by 8.4% and FX spot volumes by 6.4%.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
July 2024 |
June 2025 |
July 2025 |
|---|---|---|---|
| Forward | 0.185 | 0.245 | 0.200 |
| Swap | 1.459 | 1.685 | 1.581 |
| Spot | 0.504 | 0.562 | 0.536 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.148 | 2.492 | 2.317 |
* 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.