The average daily volume (ADV) of FX trades submitted to CLS in April was $1.63 trillion, down 12.5% from the $1.86 trillion reported in March 2019.
This is consistent with previous reports from Profit & Loss showing that the multibank FX trading venues which publicly release their volumes all saw double digit decreases in percentage terms on their platforms last month.
The ADV of FX swaps submitted to CLS in April was $1.17 trillion, down 10.2% month-on-month and down 5.1% year-on-year.
Spot ADV was $360 billion last month, down 18% from the $439 billion recorded in March 2019, and down 17% from the $433 billion recorded in April 2018.
The ADV of FX forwards trades submitted to CLS was $95 billion in April, down from $116 billion in March and down from $106 billion in April 2018.