September 16, 2020 - Payment-versus- payment settlement provider CLS has today announced its volume data for August 2020; with the average daily traded volume submitted to CLS at $1.649 trillion, down 0.5 percent from USD1.657 trillion in July 2020.

CLS’s Head of Information Services, Masami Johnstone, commented: “Daily traded volumes in August were flat (-0.5%) versus the previous month, at USD1.65 trillion. This comprised FX swap volumes of USD1.188 trillion (-0.3%), forward volumes of USD77 billion (-3.8%) and spot volumes of USD384 billion (-0.5%). Compared to August 2019, FX swap volumes were slightly down (-0.8%), while forward and spot volumes recorded a decrease of 30.6% and 12.9%, respectively.

“On Thursday 27 August, Fed Chairman Powell’s speech at the Jackson Hole conference announcing a move to a flexible average inflation targeting regime coincided with the peak August volume of USD2.28 trillion.”

[See how major Institutional FX platforms / venues performed in August on LiquidityFinder's volume chart here:

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