CLS Volumes Up in June
Posted by Colin Lambert. Last updated: July 27, 2025
Settlement provider CLS outperformed most of the platforms to report FX volume results in June, hitting its third highest average daily traded volume (ADV) since it started reporting data at almost $2.5 trillion.
Growth was seen across all products, with spot ADV at $562 billion, up 4.5% from May and up 7.5% year-on-year. By comparison, no platform managed to match that monthly growth, and only EBS (which includes NDFs in its data) and 360T outstripped it on a year-on-year basis.
Outright forward volume was the second highest thus far at $245 billion – beaten only by April 2025 – this is up 17.8% from May and up 24.4% year-on-year. It was a similar story in FX swaps at $1.685 trillion, this is also the second highest recorded by the settlement utility, representing an 11.75% monthly increase and +9.5% year-on-year.
With overall volume traded at $2.492 trillion, only March and June of this year have seen CLS handle higher numbers.
