CLS Reports A 7% YoY Growth in Volumes and A 6.2% ADV MoM Growth

Fazzaco learned that, CLS Group, a US-based foreign exchange settlement provider, has published its operational metrics for June 2021. The volumes were up 7% on a Y-o-Y basis compared to June 2020. ADV in June 2021 were USD1.9 trillion, up 6.2% compared to May.

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YoY Comparison

Specifically, FX swaps were up 11%, contributing USD1.38 trillion to the total volume.

Spot trades were down -4%, contributing USD424 billion to the total volume.

Outright forwards were up 2%, contributing USD101 billion to the total volume.

For monthly comparisons, the figures above are vulnerable to short-term fluctuations as always.

The graph below showed a longer-term trend of declining spot volumes, but growing FX swap activity.

Earlier, Fazzaco reported that CLS Group sees 21% YoY jump in ADV in May​.