CLS Group Posts 7% Increase in FX Average Daily Traded Volume for March
CLS Group, a US-based foreign exchange settlement provider, has published its monthly metrics for March 2022. According to the report, the total average daily traded volume submitted to CLS reached $2.13 trillion, an increase of 7% compared to March 2021. In addition, on a month-on-month basis, volumes were up 7%.
Keith Tippell, Chief Product Officer, said:"In March 2022, we saw average daily traded volumes of USD2.13 trillion, an increase of 7% compared to March 2021. Overall volumes across all instruments increased year-on-year with FX spot, FX forward and FX swap volumes up by 13%, 6% and 5%, respectively."
CLS's services in the FX market can be categorized into three segments: forward, swap and spot. For the FX forward, the report noted that figures were $0.125 trillion for March, which increased 6% compared to the same period in 2021.
FX swap average daily traded volumes were $1.45 trillion, up 5% compared to a year ago. In addition, spot trades rose 13%, contributing $0.55 billion to the total volume.
Last month, the average daily traded volumes on the platform touched $1.98 trillion. That was a year-on-year jump of 2 percent while increasing 5.5 percent on a monthly basis.
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