Tag: forwards

forwards

Thomson Reuters Also Enjoying September Uptick

Thomson Reuters (TR) is the latest FX platform to post strong September trading volumes, with figures released today showing that the average daily volume (ADV) of FX trading across all its platforms was $411 billion. 

This represents a 12% month-on-month (MoM) and a 12.6% year-on-year (YoY) increase in volumes. 

This total reflects trading volumes on Thomson Reuters Matching and FXall in all transaction types, including spot, forwards, swaps, options and non-deliverable forwards (NDFs). 

The volumes data on TR’s website only stretches back to January 2013, but this represents the highest overall ADV across all of its platforms since then. 

CLS Volumes Flat in August

Average daily volume (ADV) submitted to CLS was $1.58 trillion in August, down 1% from July.

CLS recorded an ADV of $1.05 trillion in swaps in August, up from $1.04 trillion the previous month.

Spot ADV submitted to CLS in July was $433 billion, down marginally from the $453 billion recorded in July.

The ADV of forwards products submitted to CLS last month was $96 billion, down from $101 billion in July.

Despite this month-on-month decrease, CLS volumes were up 14.8% year-on-year.

CLS Volumes Dip Slightly in July

The average daily volume (ADV) submitted to CLS was $1.6 trillion in July, down 2% month-on-month, but up 11.9% year-on-year.

CLS recorded an ADV of $1.04 trillion in swaps in July, down from $1.08 trillion the previous month.

Spot ADV submitted to CLS in July was $453 billion, basically flat from the $455 billion recorded in June.

The ADV of forwards products submitted to CLS last month was $101 billion, down from $108 billion in June.

However, year-on-year, forwards ADV in July was up 46%, while spot ADV was up 13.9%. By contrast, the spot ADV submitted to CLS in July 2016 was $446 billion, only 1.6% less than July 2017.

CLS Volumes Up in June

The average daily volume (ADV) of trades submitted to CLS was $1.64 trillion in June, up 6% from $1.55 trillion in May, and up 1.64% year-on-year.

The main driver of this growth appears to have been an increase in swaps and forward activity. Swaps accounted for $1.08 trillion of the ADV submitted to CLS in June, up 9.3% month-on-month and 7.5% year-on-year.

The ADV of $108 billion in FX forwards in June represented a 3.8% increase from the previous month and a 20% growth from June 2016, when an ADV of $90 billion was recorded.

CLS Volumes Tick Up in May

The average daily traded volume submitted to CLS was $1.55 trillion in May, up 2% from the previous month and up 10% year-on-year.

The CLS data shows FX spot ADV of $454 billion in May, up 4.4% compared to April and up 4.8% from May 2016.

Swap ADV, meanwhile, was $989 billion in May, which was flat on the previous month, but up 9% in comparison to the same month last year.

Although by far still the smallest product segment submitted to CLS in terms of ADV, FX forwards saw the biggest month-on-month and year-on-year increases in May.

CLS Data Shows Dip in FX Volumes

The average daily volume (ADV) submitted to CLS in April was $1.52 trillion, down 5% from the ADV of $1.6 trillion that it reported in March.

The ADV of spot FX trades submitted to CLS was $435 billion in April 2017, down 5.8% month-on-month and down 8% year-on-year.

The ADV of swaps trades submitted to CLS was $988 billion in April, down 4.9% from the previous month, but up 1.2% compared to April 2016.

Similarly, the ADV of forwards trades submitted to CLS was down month-on-month, but up year-on-year. CLS reported an ADV of $93 billion for forwards products in April, down 2.1% from March, but up 24% compared to April 2016.

CLS Volumes Up for March

The average daily traded volume (ADV) submitted to CLS was $1.6 trillion in March, up 6.7% from February. This figure also represents a 9.6% increase from the $1.46 trillion ADV recorded for the same period a year ago.

At $462 billion in ADV, spot volumes were up 8.1% month-on-month, but down 1.3% year-on-year for March.

In contrast, swap volumes in March reached $1.04 trillion ADV, a 14% increase from the year before and a 6.2% increase from February.

Meanwhile forward volumes, at an ADV of $95 billion, were up 3.3% month-on-month and up 17.3% year-on-year, in March.

CFTC Hands SocGen Fine for FX Reporting Failure

The US Commodity Futures Trading Commission (CFTC) has fined Société Générale $450,000 for failures in the reporting of certain FX transactions.

The CFTC says that the French bank failed to properly report certain NDF transactions to a swap data repository (SDR), and failed to report to an SDR a large number of FX swap, FX forward, and NDF transactions in a timely manner, in violation of the Commodity Exchange Act (CEA) and CFTC Regulations.

herefore, the CFTC announced an order today requiring Société Générale to pay a $450,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC Regulations.