CLS Group Unveils Slight Increase in FX Trading Volume in September 2023

Continuous Linked Settlement (CLS), an FX settlement and aggregation service company, has reported its FX trading data for the month of September 2023, indicating a modest growth in trading activity.

The total daily traded volume for September stood at 2.058 USD trillion, an increase of 8 percent from August 2023​'s 1.901 USD trillion. Compared to 2.039 USD trillion in September 2022, the figure was up 0.9 percent.

Specifically, FX forward volume was up 51.4 percent on a yearly basis, and 14.8 percent on a monthly basis to 0.209 USD trillion.

FX swap volume reached 1.345 USD trillion, up 5.1 percent from the prior month, but a light dip compared to the last same period.

FX spot declined 8.7 percent from the year ago month to 0.495 USD trillion, but up 12.8 percent compared to the previous month.