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CLS FX Trading Activity, October 2023

Keith Tippell | Chief Product Officer, CLS

 “In October 2023, we saw average daily traded volumes of USD2.0 trillion, an increase of 3.6% compared to October 2022. Over the same period, FX forward volumes were up significantly by 57.8%, FX spot volumes increased by 0.6% and FX swap volumes decreased by 0.5%.”



Trusted by thousands of counterparties within the global FX ecosystem, CLS makes FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day.

CLSMarketData: The data provided is based on executed trade volumes submitted to CLS. It is adjusted to equate to the same reporting convention used by the Bank for International Settlements (BIS) and the foreign exchange committees’ semi-annual FX volume surveys. These surveys only report one side of any trade, and only one of the four legs of FX swap trades, to avoid double counting the total amount of trades.

CLSMarketData is available for subscription through CLS. The market data reports contain executed trade volume (number of trades and total value in USD), prices and flow by hour or day. The data is aggregated by trade instrument (spot, swap and outright forward) and currency pair and can be delivered intraday hourly or end of day.

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