CLS Starts 2021 with $1.92 trillion Daily Traded Volume

CLS Group, a major foreign exchange settlement provider, has published its operational metrics for January 2021, showing solid overall growth.

According to the press release, the group said that “since the start of 2021, we have seen increased activity across all instruments with average daily traded volumes of USD1.92 trillion in January (up 9.1% over December 2020).”

Compared to December 2020, there was a sharp increase in FX spot volumes of 13%, while FX forward and FX swap volumes were up 7% and 8%, respectively.

In particular, CLS saw significant increases for EUR/USD (+12%), USD/JPY (15%), USD/CAD (+12%) and AUD/USD (+33%), while GBP/USD declined by 15%.

Compared to last year, average daily traded volumes also increased, up 9% over January 2020. The increase

was largely attributable to higher FX spot (+15%) and FX swap (+8%) volumes. However, there was a significant

decline in FX forward volumes of 12%.