CLS Reports Extreme Trading Volumes on USD FX Pairs Due to Elections

[kreslik.news]

After we wrote that the shock results in the US elections provided incredible trading volumes to online retail brokers, institutional players are now starting to confirm they are seeing the same on their side.

One of the key utilities to the foreign exchange market participants, CLS Group (CLS), just reported it witnessed increased levels of FX trading activity during the announcement of US election results.

The CLS data shows particular spikes in activity between 02:00 – 03:00 GMT when the results for key battleground states were announced, input volumes were 7 times normal levels for that hour.

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