CLS Forex Volumes Rebound in June, Jump 5.1% MoM after a Forgettable May

CLS Group’s settlement and aggregation service has reported its Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading volumes for the month of June 2014, highlighted by a notable increase across the board and a nice rebound in the aftermath of downtrodden May figures, according to a CLS statement.

Average Daily Volumes (ADV) were reported in June 2014 at 1,027,055, which coalesced settlement and aggregation services and constituted a 5.1% jump MoM from 977,460 in May. By extension, this figure represents a decrease of -29.7% YoY from 1,460,584 in June 2013.

Additionally, the average daily value of matched instructions submitted to the CLS Group was reported at $5.46 trillion for June 2014. While this does represent a 13.3% rise MoM from May ($4.82 trillion), this figure is also lower compared to its 2013 equivalent, revealing a -2.2% drop from $5.58 trillion in June 2013.

Additional information can be found using an excerpt from the CLS press release below: