CLS Group Reports July Figures, FX ADV Withers -9.8% MoM

CLS Group’s Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term and aggregation service has reported its FX trading volumes for the month of July 2014, underscored by a sizeable decline of -9.8% in monthly volumes, coming in at 926,174 in July 2014, according to a CLS statement.

These figures follow on the heels of a set of uninspiring June metrics, which also illustrated an uneven performance across the board. In July, Average Daily Volumes (ADV) were reported in at 926,174, which consolidated settlement and aggregation services and constituted a -9.8% fall MoM from 1,027,055 in June. By extension, this figure represents a decrease of -20.2% YoY from 1,160,857 in July 2013.

Additionally, the average daily value of matched instructions submitted to the CLS Group was reported at $54.71 trillion for July 2014. This represents a -13.7% decline MoM from June ($5.46 trillion) – however this figure is virtually in line with its 2013 equivalent, revealing a marginal 0.2% rise from $4.7 trillion in July 2013.