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CLS FX trading activity | June 2020
1.78 USD trillion
Total daily traded volume submitted to CLS
Up 20% from USD1.48 trillion in May 2020
Masami Johnstone
Head of Information Services
“June 2020 saw a recovery in average daily traded volumes in comparison to May. The elevated level of volume continued throughout June, which is a contrast to the relatively quiet period seen between mid-April and the end of May following the extreme volatility in March and early April.
“Daily traded volumes were USD1.78 trillion in June, up 20% from May 2020. This was due to a 20.6% increase in FX swap volumes to USD1.24 trillion, forward volumes increasing 35.1% to USD100 billion and spot volumes up 15.1% to USD443 billion. While we saw increases across all products compared to May 2020, FX swap volumes were down 5.2%, forward volumes were down 20.6% and spot volumes were down 2.2% on a year-on-year basis.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
June 2019 | May 2020 | June 2020 |
|---|---|---|---|
| Forward | 0.126 | 0.074 | 0.100 |
| Swap | 1.303 | 1.024 | 1.235 |
| Spot | 0.453 | 0.385 | 0.443 |
| Total average daily traded volume submitted to CLS (USD trillion) | 1.882 | 1.483 | 1.778 |
* 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.