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CLS FX trading activity November 2025
Reports
2 min read
Reports
2 min read
2.55 USD trillion
Total daily traded volume submitted to CLS
up 15.6% from November 2024
Lisa Danino-Lewis
Chief Growth Officer
“In November 2025, we saw average daily traded volumes of USD2.55 trillion, an
increase of 15.6% compared to November 2024. Over the same period, FX forward
volumes and FX swap volumes increased by 26.8% and 20.7%, respectively, while FX
spot volumes decreased by 1.6%.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
November 2024 |
October 2025 |
November 2025 |
|---|---|---|---|
| Forward | 0.210 | 0.223 | 0.266 |
| Swap | 1.430 | 1.756 | 1.726 |
| Spot | 0.564 | 0.560 | 0.555 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.204 | 2.539 | 2.547 |
* 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.