The Average Daily Volume Submitted to CLS Rebounded 11.9% in August

Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading volumes submitted to the 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 rebounded in August 2014, confirming the broad-based rebound during the second full summer month, leading to the most active trading week in FX this year.

According to data released by the company, Average Daily Volumes (ADV) combining the settlement and aggregation services submitted to CLS in August, totaled 1,035,978, which was higher by 11.9% from July's 926,174.

The average daily value submitted to CLS was US$4.90 trillion, up 4.0% when compared to last month, from US$4.71 trillion in July. CLS reports both sides of every FX transaction.

The CLS is at the core of the foreign exchange market. It is owned by the world's leading global financial institutions and settles payment commands related to 17 major currencies.

It currently operates the largest multi-currency cash settlement system mitigating settlement risks for FX transactions of its members and their customers.