CLS Reports January 2015 Settlement Data, Average Daily Volumes Surge 16% MoM
- CLS has reported its settlement data for the month ending January 2015, which was highlighted by a staunch 16% month-over-month growth in average daily input volumes.
CLS has reported its 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 data for the month ending January 2015, which was highlighted by a staunch 16% month-over-month growth in average daily input volumes.
Late last month, CLS Bank published December and 2014 full-year volume numbers for trades submitted for settlement and aggregation using its service. For December, 1,223,109 daily trades were submitted for settlement for an average daily volume of $4.87 trillion.
In January 2015, the average daily input volume submitted to CLS, which consolidated both the settlement and aggregation services, yielded 1,419,369 – up 16% month-over-month from 1,223,109 in December 2014.
Furthermore, the average daily input value submitted to CLS was $5.31 trillion, corresponding to a growth of 9% month-over-month from $4.87 trillion in December 2014.
According to David Puth, CEO of CLS, in a recent statement on the figures, “Currency trading activity increased markedly during the first month of the year. The SNB’s decision to remove a currency ceiling against the euro, and subsequent trading activity, was a primary factor behind the 16% rise in average daily volume submitted to CLS.
"CLS also experienced a record settlement volume day last month. Following the SNB’s decision, CLS settled a record 2.26 million transactions on 20 January, totalling USD9.2 trillion – with 99.5% of those transactions settled within 45 minutes.
“Given the divergent monetary policies that exist in many major and emerging economies, we expect continued Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and increased activity in currency markets in 2015.”
CLS has reported its 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 data for the month ending January 2015, which was highlighted by a staunch 16% month-over-month growth in average daily input volumes.
Late last month, CLS Bank published December and 2014 full-year volume numbers for trades submitted for settlement and aggregation using its service. For December, 1,223,109 daily trades were submitted for settlement for an average daily volume of $4.87 trillion.
In January 2015, the average daily input volume submitted to CLS, which consolidated both the settlement and aggregation services, yielded 1,419,369 – up 16% month-over-month from 1,223,109 in December 2014.
Furthermore, the average daily input value submitted to CLS was $5.31 trillion, corresponding to a growth of 9% month-over-month from $4.87 trillion in December 2014.
According to David Puth, CEO of CLS, in a recent statement on the figures, “Currency trading activity increased markedly during the first month of the year. The SNB’s decision to remove a currency ceiling against the euro, and subsequent trading activity, was a primary factor behind the 16% rise in average daily volume submitted to CLS.
"CLS also experienced a record settlement volume day last month. Following the SNB’s decision, CLS settled a record 2.26 million transactions on 20 January, totalling USD9.2 trillion – with 99.5% of those transactions settled within 45 minutes.
“Given the divergent monetary policies that exist in many major and emerging economies, we expect continued Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and increased activity in currency markets in 2015.”