Foreign Exchange Trading Volumes Reported by CLS, Tick up October Albeit Declining ADV

As volatility remained solid throughout the month of November, interest in forex trading remained abundant, with the guardian of worldwide

CLSThroughout the month of October, foreign exchange trading volumes submitted to the CLS Group’s settlement and aggregation service have ticked up slightly when compared to the previous month, with a broad trend of increasing activity on the forex market remaining intact last month.

Extraordinary activity related to diverging monetary policy courses throughout the world and some substantial songs in commodity prices have contributed to another strong month of foreign exchange trading volumes.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

As the Bank of Japan embarked on yet another strong easing effort and the country has entered into a recession, activity in November is quite likely to remain on the high side according to multiple industry insiders.

Suggested articles

What to Look for in a Liquidity ProviderGo to article >>

Average daily foreign exchange trading input volumes combining the settlement and aggregation services, ticked higher by 3.2% to 1,465,105, which is higher by 3.2% from 1,419,102 reported in September.

CLS_October
CLS Foreign Exchange Trading Volumes October

The average daily input value submitted to CLS was $5.29 trillion, lower by 10.9% from $5.94 trillion in September, which was characterized by unusual trading activity in the major pairs due to Mario Draghi’s ECB commitment to further the easing monetary policy and the referendum on Scottish independence.

The number of instructions received by CLS doesn’t necessarily reflect settlement during the same period, hence the difference between volumes and values. CLS reports both sides of an FX transaction.

Got a news tip? Let Us Know