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Green Target
CLS FX trading activity May 2025
Reports
2 min read
Reports
2 min read
2.26 USD trillion
Total daily traded volume submitted to CLS
up 11.5% from May 2024
Lisa Danino-Lewis
Chief Growth Officer
“In May 2025, we saw average daily traded volumes of USD2.26 trillion, an increase of
11.5% compared to May 2024. Over the same period, we saw an increase in overall
volumes across all instruments. FX forward volumes increased by 27.5%, FX spot volumes
by 16% and FX swap volumes by 8.1%.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
May 2024 |
April 2025 |
May 2025 |
|---|---|---|---|
| Forward | 0.163 | 0.250 | 0.208 |
| Swap | 1.396 | 1.606 | 1.508 |
| Spot | 0.464 | 0.686 | 0.538 |
| Total average daily traded volume submitted to CLS (USD trillion) | 2.023 | 2.542 | 2.254 |
* Due to rounding, numbers presented throughout the document may not add up precisely to the totals provided, and percentages may not precisely reflect the exact figures.