NEW YORK, May 10 (Reuters) - Average daily trading volume in the global currency market rose to $2.16 trillion in April, up 11.4% from a year earlier, according to data from CLS, a provider of settlement and aggregation services for the foreign exchange industry, released on Friday.
The increase was driven by a rise in volume across all major FX instruments, said Lisa Danino-Lewis, chief growth officer at CLS, in a statement.
FX spot transactions saw the largest jump, with average daily volumes rising 22.5% from levels seen a year ago to $525 billion. FX forwards, on the other hand, grew 14% year-on-year to $172 billion, while currency swaps rose roughly 7.6% to $1.459 trillion.
CLS facilitates the settlement of FX trades in 18 major currencies. It processes more than $6 trillion in daily payments.
(Reporting by Gertrude Chavez-Dreyfuss Editing by Chris Reese)
