In October 2020: The average daily traded volume submitted to CLS was USD1.707 trillion down 4.4 percent from USD1.785 trillion in September 2020.

 

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

October 2019

September 2020

October 2020  

Forward

0.094

0.108

0.116

Swap

1.276

1.250

1.202

Spot

0.415

0.427

0.389

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

1.785

1.785

1.707

* 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.

 

CLS’s Head of Information Services, Masami Johnstone, commented:

After the surge in volume in September, daily traded volumes in October were subdued at USD1.71 trillion (-4.4%). Both FX spot and FX swap volumes declined compared to the previous month by 8.9% and 3.8%, respectively. The spot volume decline was notable for EURUSD, where there was a 13% decline in volumes compared to September. Overall, Forward volumes increased by 7.4% compared to the previous month and by 23.5% compared to October 2019.

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