<p>The average
daily traded volumes (ADTV) on Continuous Linked Settlement (CLS), a New
York-headquartered provider of settlement and aggregation services for the
<a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> industry, dropped 13% in December 2022 to $1.648 trillion compared to the
previous month.</p><p>CLS Reports Another
Monthly Drop in Daily Volume</p><p>It is
another month in a row when CLS reports a decline in ADTV. <a href=”https://www.financemagnates.com/institutional-forex/cls-fx-adv-drops-2-to-19trn-in-november-rises-4-yoy/” target=”_blank” rel=”follow”>In November</a>, the
company reported a 2% slide to $1.892 trillion, <a href=”https://www.financemagnates.com/institutional-forex/cls-group-sees-54-monthly-decline-in-octobers-adv/” target=”_blank” rel=”follow”>and in October</a>, a 5.4% slide to
$1.92 trillion. The latest data was included in the CLS FX trading activity statistics
for December 2022, shared with Finance Magnates on Wednesday.</p><p>Although
monthly data showed a decline, daily averages were up 3% year-on-year (YoY) compared
to December 2021, when values came in at $1.648 trillion. </p><p>”In
December 2022, we saw average daily traded volumes of USD1.7 trillion, an
increase of 3% compared to December 2021,” Keith Tippell, the Chief Product Officer
at CLS, commented.</p><p>A breakdown
of the daily average traded volumes in December 2022 shows a decline in all
metrics. ADTV for forex forwards slid on a monthly basis from $0.145 trillion to
$0.107 trillion, forex swaps from $1.274 trillion to $1.118 trillion, and forex
spots from $0.473 trillion to $0.409 trillion. However, from a YoY perspective, the
values recorded an increase.</p><p>”Over
the [YoY] period, we saw an increase in overall volumes across all instruments
with FX forward, FX spot, and FX swap volumes up 13%, 9%, and 1%, respectively,”
Tippell added.</p><p class=”MsoNormal article-body__parent-element”>Check out this recent Finance Magnates London Summit 2022 session on how trading technology is changing.</p><p>CLS vs. Other
Institutional FX Spot Trading Numbers</p><p>The holiday
season <a href=”https://www.financemagnates.com/institutional-forex/holiday-season-pushes-institutional-spot-fx-venues-december-volume-lower/” target=”_blank” rel=”follow”>took its toll</a> not only on CLS volumes but also on other major
institutional spot <a href=”https://www.financemagnates.com/terms/f/forex-trading/” class=”terms__secondary-term” id=”258a569f-bf49-4a61-a1b4-bc352d76141f” target=”_blank”>forex trading</a> venues. Cboe FX and Deutsche Börse’s 360T
reported a correction in demand from the traders, translating into double-digit
declines.</p><p>According
to the official figures, <a href=”https://www.financemagnates.com/tag/cboe-fx/” target=”_blank” rel=”follow”>Cboe FX Markets</a> ended the month with a total volume of
more than $773 billion, which translates to a monthly decline of 16%. However,
the figures came in 13.5% higher compared to the same period a year
ago.</p><p>For <a href=”https://www.financemagnates.com/tag/360t/” target=”_blank” rel=”follow”>360T</a>, a
major spot FX venue in Europe, the monthly volume stood at $590 billion, falling by 10% month-over-month from $545 billion reported in November. However, compared to December
2021, trading demand jumped 2%.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
