CLS Reports Minor Increase in Daily Trading Volumes for May

Growth was driven by an increase in average daily FX spot trading

CLS, a provider of settlement services to the FX industry, has released its monthly trading report for May 2018. The industry giant saw a minor month-on-month increase in its average daily trading volumes due to an increase in spot FX trading.

In April, the firm reported an average daily trading volume of $1.24 trillion in FX swaps. Last month that figure decreased to $1.19 trillion, representing a four percent month-on-month decline. From a year-on-year perspective, things were more positive, as the firm grew its average FX swaps trading volume from 0.99 trillion, an approximately 20 percent increase.

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Things were better for CLS in the FX spot markets. The firm saw its average daily trading volumes increasing to $507 billion in May. This represented a 17 percent month-on-month increase from April and an approximately 12 percent year-on-year increase from May of 2017.

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The forwards market remained comparatively stagnant as the firm reported an average daily trading volume of $98 billion for May. This was a slight decrease from April when the firm averaged $106 billion in daily trading and a smaller decrease from May of last year when the firm reported $104 billion in average daily forwards trading.

These results combined meant that CLS saw a minor month-on-month increase in its total average daily trading volume. The firm finished May with a total of just over $1.79 trillion in average daily trading volume, a 0.8 percent increase on April when the firm reported a total average daily trading volume of 1.78 trillion.

From a year-on-year perspective, the improvement was even greater as the firm finished May of 2017 with a total of $1.55 billion. This represented an approximately 16 percent increase.

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