Forex settlement provider CLS Group has released its monthly trading metrics for August 2021. The company saw a $1.67 trillion in average daily trading volumes for the period
This represented a 1% increase compared to the same period last year. On monthly basis, the numbers were 3.8% lower than July 2021.
The Group also reported a 4% YoY rise FX forward and 2% YoY increase in FX swap with $79 billion and $1.2 trillion for August 2021, respectively. FX spot volumes were down 5% on yearly basis, accounting for $0.36 trillion.
On monthly basis, FX forward was down 5.9%, FX swaps by 0.6% and FX spot by 12.6%.
CLS and IHS Markit recently announced that HSBC has joined the cross-currency swaps service. With the latest addition, the settlement members live on the service are now nine.
