CLS Sees Strong FX Volumes
Posted by Colin Lambert. Last updated: April 20, 2022
CLS has reinforced the impressive results for FX platforms in March by reporting average daily volume (ADV) handled of $2.125 trillion – a 7.2% increase from February and up 7% year-on-year.
As was the case with several of the platforms to report data earlier this month, CLS’ spot ADV was second only to March 2020 and the onset of the pandemic, at $550 billion per day. This represents a 7% increase from February and a 13.9% year-on-year increase.
FX swap volumes were $1.45 trillion, up 6.6% from February and up 5.1% year-on-year, while outright forward volume was $125 billion, up 15.7% from February and up 5% from March 2020.
With only Refinitiv yet to report data, the picture is a positive one for the FX industry, with many platforms recording record highs or at least second best performances after March 2020.