CLS Witnesses Overall MoM Decrease in FX ADTV for April 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 April 2023, revealing monthly drops in trading volume across its forex markets.

During the month, the average daily traded volume (ADTV) submitted to CLS by product totaled $1.935 trillion, a decrease of 8.9% compared to $2.123 trillion in March 2023 and an increase of 4.0% compared to $1.861 trillion in April 2022.

FX forward volumes amounted to $151 billion per day for the month, 3.2% lower than $156 billion in the prior month, but 30.2% higher than $116 billion in the same period of 2022.

ADTV of CLS' FX swap volumes came in at $1.355 trillion, falling 6.6% compared to $1.451 trillion in March 2023 and increasing 6.8% compared to $1.269 trillion in April 2022.

FX Spot's ADTC of CLS recorded $429 billion in April 2023, down 16.9% compared to $516 billion in the prior month and down 9.9% compared to $476 billion in April of last year.