CLS March Member FX Volumes Up Steadily To $5.35 Trillion, a 3.9% Surge
- CLS Group which operates one of the largest multicurrency cash settlement systems that aggregate FX transactions has reported that member volume metrics have concluded the gradual path higher during Q1.
CLS Group which operates one of the largest multi-currency cash 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 systems that aggregate FX transactions has reported that volume metrics have concluded the gradual path higher during the first quarter. The company has announced in a press release that the average daily volume of instructions submitted to the CLS was 1,155,507, which is mildly higher when compared to last month, rising by 0.4% from February.
However the average daily value of transactions has totalled to $5.35 trillion, which is higher by 3.9% from last month's figures and brings to a close a very positive quarter. The figures are broadly in line with the rest of the industry, with Thomson Reuters' FXall division reporting record volumes last month as reported by 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 Magnates yesterday.
The year on year changes are roughly the same in terms of transaction volumes, which confirms the theory that FX volumes have largely bottomed out in the last quarter of 2013. CLS Group has also provided total average daily volumes (ADV) for its Settlement Service which came out at 804,120 transactions and its Aggregation Service which is reported at 351,387.
Source: CLS Group
The company concludes the statement with the information that input volumes are the only number of instructions received by CLS on a given day for future settlement, while input instructions are not necessarily settled during the submit ion month. In addition CLS reports both sides of an FX transaction.
CLS Group which operates one of the largest multi-currency cash 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 systems that aggregate FX transactions has reported that volume metrics have concluded the gradual path higher during the first quarter. The company has announced in a press release that the average daily volume of instructions submitted to the CLS was 1,155,507, which is mildly higher when compared to last month, rising by 0.4% from February.
However the average daily value of transactions has totalled to $5.35 trillion, which is higher by 3.9% from last month's figures and brings to a close a very positive quarter. The figures are broadly in line with the rest of the industry, with Thomson Reuters' FXall division reporting record volumes last month as reported by 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 Magnates yesterday.
The year on year changes are roughly the same in terms of transaction volumes, which confirms the theory that FX volumes have largely bottomed out in the last quarter of 2013. CLS Group has also provided total average daily volumes (ADV) for its Settlement Service which came out at 804,120 transactions and its Aggregation Service which is reported at 351,387.
Source: CLS Group
The company concludes the statement with the information that input volumes are the only number of instructions received by CLS on a given day for future settlement, while input instructions are not necessarily settled during the submit ion month. In addition CLS reports both sides of an FX transaction.