CLS FX trading activity September 2025
2.62 USD trillion
 Total daily traded volume submitted to CLS 
up 9.8% from September 2024
Lisa Danino-Lewis
Chief Growth Officer
“In September 2025, we saw average daily traded volumes of USD2.62 trillion, an increase of 9.8% compared to September 2024. Over the same period, we saw an increase in overall volume across all instruments. FX forward volumes increased by 26.8%, FX swap volumes by 10.4% and FX spot volumes by 2%.”
| Average daily traded volume submitted to CLS by product (USD trillion)* | September 2024 | August 2025 | September 2025 | 
|---|---|---|---|
| Forward | 0.190 | 0.222 | 0.240 | 
| Swap | 1.660 | 1.627 | 1.833 | 
| Spot | 0.539 | 0.517 | 0.550 | 
| Total average daily traded volume submitted to CLS (USD trillion) | 2.389 | 2.366 | 2.623 | 
* 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.