CLS Sees 8% YoY Rise in July's FX Volumes

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  • The average daily traded volumes came in at $1.88 trillion.FX forward and spot volumes climbed sharply.
  • CLS Sees 8% YoY Rise in July's FX Volumes
  • One of the leading providers of settlement services in the FX market, CLS Group released trading volumes for July 2022 today. During the reported period, the average daily traded volumes touched $1.88 trillion, which is up by almost 8% compared to the same period last year.
  • The details shared by CLS show that solid growth was observed in FX forward and spot activity. FX swap volumes increased marginally during July. Compared to June 2022, the average daily traded volumes decreased slightly.

    “In July 2022, we saw average daily traded volumes of USD 1.88 trillion, an increase of 8% compared to July 2021. Over the same period, FX forward and spot volumes were up significantly – by 66% and 12%, respectively – while FX swap volumes were also up by 2%,” CLS highlighted in an official announcement shared with Finance Magnates.

    CLS witnessed a strong jump in trading activity across a wide range of FX pairs. According to the company, activity in EURUSD and USDJPY increased significantly in the past month.

    “FX swaps were up 2% compared to a year ago contributing USD 1.27 trillion to the total volume. Spot trades were up 12% contributing USD 471 billion to the total volume. Outright forwards were up 66% contributing USD 140 billion to the total volume,” the company added in the report.

    2022

    Compared to 2021, CLS saw a consistent jump in average daily traded volumes throughout 2022. However, on a monthly basis, the FX volumes witnessed few challenges. In March 2022, CLS Group’s ADV crossed $2 trillion.

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