CLS Posts 4.2% Monthly Increase in FX ADTV for February 2023

Continuous Linked Settlement (CLS), a New York company which offers settlement and aggregation services for the FX industry, published its forex trading data for February 2023, seeing an increase of 4.2% in average daily traded volume (ADTV) submitted to CLS for the month compared to the prior month.

According to the data released on its website, the ADTV submitted to the company came in at $1.992 trillion for February 2023, 4.2% higher than $1.917 trillion in January 2023 and basically the same as $1.984 trillion in the same period of 2022.

FX forward volumes amounted to $138 billion per day, equal that of prior month and up 27.8% compared to $108 billion in February 2022.

ADTV of CLS' FX swap volumes was $1.370 trillion, an increase of 4.3% compared to $1.313 trillion in the prior month and an increase of 0.7% compared to $1.361 trillion in last February.

Average daily volume in FX Spot of CLS recorded $484 billion, up 3.9% compared to $466 billion in January 2023 but down 6.0% compared to $515 billion in February 2022.