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CLS FX trading activity | March 2021
1.98 USD trillion
Total daily traded volume submitted to CLS
up 1.8% compared to February 2021
Keith Tippell
Global Head of Product
“In the first quarter of 2021, we witnessed record average daily traded volumes of USD1.95 trillion, demonstrating a consistent increase of FX market activity year-on-year. This was despite a 10% decrease in overall volumes in the month of March 2021 compared to the record highs in March 2020, driven by the extreme market volatility relating to the COVID-19 pandemic.
“On a monthly basis, average daily traded volumes in March 2021 were USD1.98 trillion, up 1.8% compared to the previous month. This was reflected across all instruments - FX spot, FX forward and FX swap volumes increased by 2%, 3% and 2%, respectively. In particular, we saw significant increases for USD/JPY and USD/HKD of 15% and 38%, respectively, compared to February 2021.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
March 2020 | February 2021 | March 2021 |
|---|---|---|---|
| Forward | 0.129 | 0.114 | 0.117 |
| Swap | 1.358 | 1.353 | 1.377 |
| Spot | 0.707 | 0.475 | 0.483 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.194 | 1.942 | 1.977 |
* 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.