CLS Group August average daily traded volume down 1% MoM

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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of August 2017.

The average daily traded volume submitted to CLS was USD1.581 trillion down 1 percent from USD1.596 trillion in July 2017.

August 2016 July 2017 August 2017
Average daily traded volume submitted to CLS by product (USD trillion)
Swap 0.954 1.042 1.052
Spot 0.373 0.453 0.433
Forward 0.063 0.101 0.096
Total average daily traded volume submitted to CLS (USD trillion)          1.390          1.596 1.581

From January 2017, CLS altered the reporting methodology for the FX data it makes available on a monthly basis. The data provided is based on executed trade volumes submitted to CLS. It is adjusted to equate to the same reporting convention used by the Bank for International Settlements (BIS) and the foreign exchange committees’ semi-annual FX volume surveys. These surveys only report one side of any trade, and only one of the four legs of FX swap trades, to avoid double counting the total amount of trades.