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CLS Reports Uptick in January ADV, Down YoY

The average daily traded volume submitted to CLS was $1.77 trillion, up 10.8% from the $1.60 trillion recorded in December 2019. However, CLS reports a slight 1% year-on-year decline in ADV compared to the $1.77 trillion submitted in January 2019.

CLS’s head of information services, Masami Johnstone, says: “We saw average daily traded volumes in January 2020 of $1.77 trillion, representing a decline year-on-year of 1% compared to January 2019.

“Over the same period, swap volumes showed a modest increase of 1%, and spot decreased by 10%, while there was a sharp increase in forward volumes of 26%,” he continued.

“Major macroeconomic factors affecting the FX market in January 2020 included the global threat of Coronavirus, Brexit, a US-China trade deal and strengthening of the USD, supported by superior growth and bond yield in the US,” says Johnstone, adding, “Average daily traded volumes in January 2020 were up 10.8% month-on-month compared to December 2019.”



Average daily traded volume submitted to CLS by product (USD trillion)*

January 2019 December 2019 January 2020
Swap 1.253 1.145 1.263
Spot 0.445 0.370 0.401
Forward 0.086 0.084 0.108
Total average daily traded volume submitted to CLS (USD trillion) 1.784 1.599 1.772

* Due to rounding, numbers presented throughout the document may not add up precisely to the totals provided, and percentages may not precisely reflect the exact figures.


Julie Ros

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