CLS’ FX ADV Drops -2% to $1.9trn in November, Rises 4% YoY

by Solomon Oladipupo
  • The daily average trading volume came in at $1.92 trillion in October 2022.
  • FX forwards' ADV rose 12% but FX swap and spot volumes both declined by -3%.
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Average daily traded volumes (ADTV) on Continuous Linked Settlement (CLS), a New York-headquartered provider of settlement and aggregation services for the forex industry, decreased by -2% to $1.89 trillion in November 2022. However, year-over-year (YoY), the daily average improved by 4% last month, which is up from $1.81 trillion in the same period last year.

CLS Sees Drop in November Daily Volume

In October 2022, CLS reported a -5.4% drop in its ADTV which reduced to $1.92 trillion and is down from $2.03 trillion earlier in September. The new numbers are contained in the CLS FX trading activity statistics for November 2022 shared with Finance Magnates on Thursday.

Check out this recent Finance Magnates London Summit 2022 session on how trading technology is changing.

A breakdown of the daily average traded volumes in November 2022 shows that while the provider's forex forward ADTV shot up by 12% to $0.145 trillion last month, which is an increase from $0.129 trillion in the prior month, forex swap and spot volumes both dropped by -3% to $1.274 trillion and $0.473 trillion, respectively. However, compared to November last year, the forward, swap and spot ADTVs improved last month.

“In November 2022, we saw average daily traded volumes of USD 1.89 trillion, an increase of 4% compared to November 2021. Over the same period, FX forward volumes were up noticeably by 47%, and FX spot and FX swap volumes were also up by 1% and 2%, respectively,” Keith Tippel, CLS’ Chief Produce Officer, explained.

Institutional FX Spot Trading Volume in November

Unlike CLS, forex spot trading volume on Cboe FX, which is run by one of America's largest derivatives exchange operators, and those on Germany’s Deutsche Börse's 360T, posted month-over-month growth in November, reaching $921 billion and $545 billion, respectively.

However, trading activities on Click 365, an FX daily futures contracts trading venue operated by the Tokyo Financial Exchange, dropped by -16.4% MoM drop in November.

Average daily traded volumes (ADTV) on Continuous Linked Settlement (CLS), a New York-headquartered provider of settlement and aggregation services for the forex industry, decreased by -2% to $1.89 trillion in November 2022. However, year-over-year (YoY), the daily average improved by 4% last month, which is up from $1.81 trillion in the same period last year.

CLS Sees Drop in November Daily Volume

In October 2022, CLS reported a -5.4% drop in its ADTV which reduced to $1.92 trillion and is down from $2.03 trillion earlier in September. The new numbers are contained in the CLS FX trading activity statistics for November 2022 shared with Finance Magnates on Thursday.

Check out this recent Finance Magnates London Summit 2022 session on how trading technology is changing.

A breakdown of the daily average traded volumes in November 2022 shows that while the provider's forex forward ADTV shot up by 12% to $0.145 trillion last month, which is an increase from $0.129 trillion in the prior month, forex swap and spot volumes both dropped by -3% to $1.274 trillion and $0.473 trillion, respectively. However, compared to November last year, the forward, swap and spot ADTVs improved last month.

“In November 2022, we saw average daily traded volumes of USD 1.89 trillion, an increase of 4% compared to November 2021. Over the same period, FX forward volumes were up noticeably by 47%, and FX spot and FX swap volumes were also up by 1% and 2%, respectively,” Keith Tippel, CLS’ Chief Produce Officer, explained.

Institutional FX Spot Trading Volume in November

Unlike CLS, forex spot trading volume on Cboe FX, which is run by one of America's largest derivatives exchange operators, and those on Germany’s Deutsche Börse's 360T, posted month-over-month growth in November, reaching $921 billion and $545 billion, respectively.

However, trading activities on Click 365, an FX daily futures contracts trading venue operated by the Tokyo Financial Exchange, dropped by -16.4% MoM drop in November.

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