Average daily traded volumes (ADTV) offorex trading in January 2023 recovered from a three-month decline that startedin September 2022, Continuous Linked Settlement (CLS) revealed in its forex tradevolume released on Friday.
According to the New York-headquarteredprovider of settlement and aggregation services for the forex industry, ADTVfor the month came in at $1.92 trillion (T), which is a 12.3% increase from the $1.7trillion recorded in December 2022. However, when compared to January 2022, thevolumes only increased by 2%.
CLS Recovers from 3-Month Dip in FX ADV
In September, the forex market settlementprovider reported a forex ADV of almost $2.04 trillion.However, the volume declined by 5.4% to $1.92trillion in October and dropped by 2% to $1.89trillion in November.
Giving a breakdown of the January numbers,CLS noted that its forex forwards, spot and swap jumped 29%, 14% and 10% month-on-month,respectively. However, while FX spot and forwards improved by 2% and 47% year-on-year (YoY), FX swaps decreased by 1%. The volumes came in at $466 billion,$138 billion and $1.31 trillion, respectively. Furthermore, in terms of currency pairs traded,CLS noted that USD/JPY, USD/SGD and USD/HKD shot up 28%, 20% and 12%year-on-year, respectively.
In the daily forex spot market, CLSreported that January 18 was the busiest day of the month for the forex industry as $694 billion wastraded on that day. On the other hand, the busiest hour in the month was seenat 16:00 (London time) on Tuesday, January 31st. A total of $128 billion wastraded during this period, CLS said.
Meanwhile, CLS pointed out that its volumes are based on tradessubmitted to its settlement and aggregation services. “The data is adjusted to equate to thesame reporting convention used by the Bank for International Settlements (BIS)and the semi-annual foreign exchange committee market reports,” CLS explained.
Spot FX Industry Recovers from Holiday Lows
Meanwhile, Finance Magnates reports thatother institutional venues for forex spot trading reported increases intheir trading volumes in January as they rebound from theholiday lows.
While FXSpotStream’s total trading volume grew by 3% to $1.3 trillionCboeFX’s trading volume shot up 16% to $901billion. In addition, 360T’s total monthlyvolume rose 4.5% to $512 billion in January 2023.
Average daily traded volumes (ADTV) offorex trading in January 2023 recovered from a three-month decline that startedin September 2022, Continuous Linked Settlement (CLS) revealed in its forex tradevolume released on Friday.
According to the New York-headquarteredprovider of settlement and aggregation services for the forex industry, ADTVfor the month came in at $1.92 trillion (T), which is a 12.3% increase from the $1.7trillion recorded in December 2022. However, when compared to January 2022, thevolumes only increased by 2%.
CLS Recovers from 3-Month Dip in FX ADV
In September, the forex market settlementprovider reported a forex ADV of almost $2.04 trillion.However, the volume declined by 5.4% to $1.92trillion in October and dropped by 2% to $1.89trillion in November.
Giving a breakdown of the January numbers,CLS noted that its forex forwards, spot and swap jumped 29%, 14% and 10% month-on-month,respectively. However, while FX spot and forwards improved by 2% and 47% year-on-year (YoY), FX swaps decreased by 1%. The volumes came in at $466 billion,$138 billion and $1.31 trillion, respectively. Furthermore, in terms of currency pairs traded,CLS noted that USD/JPY, USD/SGD and USD/HKD shot up 28%, 20% and 12%year-on-year, respectively.
In the daily forex spot market, CLSreported that January 18 was the busiest day of the month for the forex industry as $694 billion wastraded on that day. On the other hand, the busiest hour in the month was seenat 16:00 (London time) on Tuesday, January 31st. A total of $128 billion wastraded during this period, CLS said.
Meanwhile, CLS pointed out that its volumes are based on tradessubmitted to its settlement and aggregation services. “The data is adjusted to equate to thesame reporting convention used by the Bank for International Settlements (BIS)and the semi-annual foreign exchange committee market reports,” CLS explained.
Spot FX Industry Recovers from Holiday Lows
Meanwhile, Finance Magnates reports thatother institutional venues for forex spot trading reported increases intheir trading volumes in January as they rebound from theholiday lows.
While FXSpotStream’s total trading volume grew by 3% to $1.3 trillionCboeFX’s trading volume shot up 16% to $901billion. In addition, 360T’s total monthlyvolume rose 4.5% to $512 billion in January 2023.
