CLS FX trading activity October 2019

In October 2019:

  • The average daily traded volume submitted to CLS was USD1.79 trillion, down 3.2 percent from USD1.84 trillion in September 2019.

CLS’s Data Officer, Rob Franolic, commented “In October, we saw average daily traded volumes of USD1.79 trillion, representing growth of 4% compared to October 2018. The overall growth is being driven by FX swap activity, which grew by 10% over the same period. We also saw a new record of USD219 billion in USDJPY swaps in October.

“Increased FX swap activity is consistent with increased hedging, reflecting concerns around geo-political risks such as Brexit and US-China trade relations.”

 

Average daily traded volume submitted to CLS by product (USD trillion)*

October 2018

September 2019

October 2019

Swap

1.161

1.342

1.276

Spot

0.471

0.406

0.415

Forward

0.078

0.094

0.094

Total average daily traded volume submitted to CLS (USD trillion)

1.710

1.842

1.785

 

* 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.

About CLS data

The data provided is based on executed trade volumes submitted to CLS. It is adjusted to equate to the same reporting convention used by the Bank for International Settlements (BIS) and the foreign exchange committees’ semi-annual FX volume surveys. These surveys only report one side of any trade, and only one of the four legs of FX swap trades, to avoid double counting the total amount of trades.

CLSMarketData is available for subscription through CLS. The market data reports contain executed trade volume (number of trades and total value in USD), prices and flow by hour or day. The data is aggregated by trade instrument (spot, swap and outright forward) and currency pair and can be delivered intraday hourly or end of day. For more information please email sales@cls-group.com.

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