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CLS Volumes Dip

The average traded FX volume submitted to CMS in July was $1.66 trillion, down 5.3% from the previous year and down 6.8% from June 2020.

FX swap volumes were 1.191 trillion, down 4.7% year-on-year and down 3.6% from June, while outright forwards activity was $80 billion per day, down 27.9% year-on-year and down 20% from June. Spot activity was $386 billion, down 5.6% year-on-year and off 12.9% from June, broadly in line with the published data by the major FX platforms.

Colin Lambert

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