CLS FX trading activity September 2019

15 October 2019

CLS’s Data Officer, Rob Franolic, commented

“In September, we saw average daily traded volumes of USD1.84 trillion. This represents growth of 5.3% compared to August, and 6.5% compared to September last year. The overall growth is being driven by the FX swap market, and we witnessed record volumes of USD1.34 trillion. 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)*

September 2018

August 2019

September 2019

Swap

1.199

1.198

1.342

Spot

0.447

0.441

0.406

Forward

0.083

0.111

0.094

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

1.729

1.750

1.842

* 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.

CLSMarketData reports

Export a recent sample of our FX spot volume, pricing and flow datasets.

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