CLS FX trading activity May 2026
2.53USD trillion
Total daily traded volume submitted to CLS
up 12.1% from May 2025
Lisa Danino-Lewis
Chief Growth Officer
“In May 2026, we saw average daily traded volumes of USD2.53 trillion, an increase of 12.1% compared to May 2025. Over the same period, we saw an increase in volumes across all instruments. The increase was 13.2% for FX swaps, 11% for FX spot and 7% for FX forwards”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
May 2025 |
April 2026 |
May 2026 |
|---|---|---|---|
| Forward | 0.208 | 0.248 | 0.223 |
| Swap | 1.508 | 1.697 | 1.707 |
| Spot | 0.538 | 0.589 | 0.598 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.254 | 2.534 | 2.528 |
* 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.