CLS Sees Solid Growth in June FX Volumes

The clearing house saw overall volumes grow by 16 percent compared to May

Settlement services provider CLS Group released its foreign exchange trading volumes for June this Tuesday.

The US firm saw a daily average trading volume of $1.30 billion in FX swaps trading last month. In June of last year, the clearing giant reported exactly the same figure.

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Compared to May, however, things were much better. CLS released an average daily FX swap trading volume of $1.13 billion two months ago, meaning June saw the firm, from a month on month perspective, increasing its trading volumes by 15 percent.

Things were similarly positive in the spot FX markets.

In June of this year, firms submitted an average of $0.45 billion in FX spot trading orders to CLS.

That was a 10 percent decrease in June of 2018 when the clearing house reported average FX spot trading volumes of $0.50 billion.

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From a month on month point of view, things were better. In May of this year, CLS reported an average FX spot trading volume of $0.40 billion – 11 percent less than last month.

Positive overall for CLS

In the FX forwards market, things were even better.

CLS released average daily volumes in forwards trading of $0.13 billion for last month.

That was a 44 percent increase on May’s $0.09 billion and a 30 percent increase in June of 2018 when the settlement services provider released average daily trading volumes of $0.1 billion in forwards market.

Taking all of that into account, CLS saw a total average daily trading volume of $1.88 billion in June.

That was a minor decrease on the $1.9 billion that the firm reported for the same period last year. But it was also a 16 percent increase on May when the figure was $1.62 billion.

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