CLS Group’s March 2022 FX ADV Crossed $2 Trillion

CLS Group, a major foreign exchange (forex) market settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term provider, published the trading metrics for March 2022, reporting a significant increase in demand for all trading instruments.

The total average daily traded volume on the platform came in at $2.125 trillion for the month. This figure saw an increase of 7 percent both on a year-over-year and month-on-month basis. CLS reported $1.982 trillion for February 2022 and $1.985 trillion for March 2021.

“Overall volumes across all instruments increased year-on-year,” said the Chief Product Officer of CLS, Keith Tippell. This statement is also true for month-over-month figures.

CLS categorizes its forex market offerings into three primary instruments: forward, swap and spot.

The demand for forex swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term dominated the other two instruments. The average daily traded volume with this instrument came in at $1.45 trillion, which is 6.6 percent higher than the previous month and 5.1 percent more when compared with March 2021.

FX spot and forward instruments witnessed an average daily traded volume of $550 billion and $125 billion, respectively, last month. While demand for spot instruments took a massive leap of 13 percent year-over-year, spot instruments soared by 5 percent. When compared with February 2022 numbers, the demand for forward and spot instruments jumped by 15.7 percent and 7 percent, respectively.

Record FX Numbers

Forex trading volumes, both institutional and retail, soared last month. Some platforms reported it to be one of the best months in their operational history.

Exness, a Cyprus-headquartered retail trading venue, broke all records by closing March with $2.48 trillion in total trading volume. Additionally, Saxo Bank reported a 35 percent jump in its monthly forex trading volumes.

On the institutional front, Cboe FX Markets ended March as the second-best month in terms of trading volumes with $1.02 trillion. Furthermore, FXSpotStream witnessed a substantial jump in monthly average daily trading volume that touched $70.1 billion.