logo |

News

    Home   >     Industry    >     Saxo    >     Main body

    CLS Group's FX ADV in March 2022 surpassed $2 trillion

    Abstract:The CLS Group, a prominent forex market settlement provider, has released trade numbers for March 2022, revealing aa considerable rise in demand for all trading products.
    CLS

      It ended the month with an ADV of $2.125 trillion.

      The demand for all of its FX instruments skyrocketed.

      The CLS Group, a prominent forex market settlement provider, has released trade numbers for March 2022, revealing aa considerable rise in demand for all trading products.

      For the month, the platform's overall average daily traded volume was $2.125 trillion. On both a year-over-year and month-to-month basis, this statistic increased by 7%. CLS reported a February 2022 total of $1.982 trillion and a March 2021 total of $1.985 trillion.

      Overall volumes across all instruments grew year on year, stated Keith Tippell, Chief Product Officer at CLS. This is also true for month-to-month comparisons.

      CLS divides its forex market products into three categories: forward, swap, and spot.

      The demand for FX swaps outweighed the demand for the other two products. This instrument's average daily traded volume was $1.45 trillion, 6.6 percent higher than the previous month and 5.1 percent higher than March 2021.

      Last month, the average daily traded volume for FX spot and future contracts was $550 billion and $125 billion, respectively. Demand for spot instruments increased by 13% year on year, while supply increased by 5%. Demand for forward and spot instruments rose by 15.7% and 7%, respectively, in February 2022 compared to the same month last year.

      Last month, forex trading volumes reached new highs, both institutional and retail, and they reached new highs last month. Some platforms said that it was one of the finest months in their history.

      Exness, a retail trading platform based in Cyprus, surpassed all records by completing March with $2.48 trillion in total trading volume. Furthermore, Saxo Bank recorded a 35% increase in monthly FX trading volumes.

      Cboe FX Markets completed March as the second-best month in terms of institutional trading volumes, with $1.02 trillion. FXSpotStream also saw a big rise in monthly average daily trading volume, which reached $70.1 billion.

    wikifx

    Read more

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.