The average daily volume (ADV) of FX trades submitted to CLS was $1.86 trillion last month, up 8% compared to February but largely flat compared to March 2018.

The ADV of spot trades submitted to CLS was $439 billion, up 9.2% month-on-month and but down 8.5% year-on-year.

The ADV of swaps was $1.31 trillion, up 6.6% month-on-month and up 1.3% year-on-year. The ADV of forwards submitted to CLS was $116 billion, up 20.8% month-on-month and up 12.6% year-on-year.