CLS FX Volumes Higher in October
Posted by Colin Lambert. Last updated: November 26, 2021
The latest data from CLS, reaffirms that from FX platforms earlier this month, that FX activity rose both from September and October 2020.
The settlement services provider says it handled average daily volume of $1.866 trillion in October, a 1.8% increase from September, but up 9% year-on-year. There was growth in spot and FX swaps, while outright forwards activity was lower.
FX swaps volume was $1.319 trillion, up 2.8% from September and up 9.6% year-on-year. This largely much reflects the data from Refinitiv and 360T’s data releases, which indicated that non-spot FX volume rose by 4% from September in the case of the former (it dropped slightly on the latter) and by 7.8% year-on-year (+20% on 360T).
Spot volumes at CLS were $445 billion per day, up 2% month-on-month and up by 13.5% from October 2020 – again this largely reflects the data already released by a number of platforms. Outright forwards activity on CLS actually fell in October, by 10.5% month-on-month and by 12.8% year-on-year.
