CLS Reports Minor Increase in Daily Trading Volumes for May
- Growth was driven by an increase in average daily FX spot trading
CLS, a provider of 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 services to the FX industry, has released its monthly trading report for May 2018. The industry giant saw a minor month-on-month increase in its average daily trading volumes due to an increase in spot FX trading.
In April, the firm reported an average daily trading volume of $1.24 trillion in FX Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. Last month that figure decreased to $1.19 trillion, representing a four percent month-on-month decline. From a year-on-year perspective, things were more positive, as the firm grew its average FX swaps trading volume from 0.99 trillion, an approximately 20 percent increase.
Spot up
Things were better for CLS in the FX spot markets. The firm saw its average daily trading volumes increasing to $507 billion in May. This represented a 17 percent month-on-month increase from April and an approximately 12 percent year-on-year increase from May of 2017.
The forwards market remained comparatively stagnant as the firm reported an average daily trading volume of $98 billion for May. This was a slight decrease from April when the firm averaged $106 billion in daily trading and a smaller decrease from May of last year when the firm reported $104 billion in average daily forwards trading.
These results combined meant that CLS saw a minor month-on-month increase in its total average daily trading volume. The firm finished May with a total of just over $1.79 trillion in average daily trading volume, a 0.8 percent increase on April when the firm reported a total average daily trading volume of 1.78 trillion.
From a year-on-year perspective, the improvement was even greater as the firm finished May of 2017 with a total of $1.55 billion. This represented an approximately 16 percent increase.
CLS, a provider of 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 services to the FX industry, has released its monthly trading report for May 2018. The industry giant saw a minor month-on-month increase in its average daily trading volumes due to an increase in spot FX trading.
In April, the firm reported an average daily trading volume of $1.24 trillion in FX Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. Last month that figure decreased to $1.19 trillion, representing a four percent month-on-month decline. From a year-on-year perspective, things were more positive, as the firm grew its average FX swaps trading volume from 0.99 trillion, an approximately 20 percent increase.
Spot up
Things were better for CLS in the FX spot markets. The firm saw its average daily trading volumes increasing to $507 billion in May. This represented a 17 percent month-on-month increase from April and an approximately 12 percent year-on-year increase from May of 2017.
The forwards market remained comparatively stagnant as the firm reported an average daily trading volume of $98 billion for May. This was a slight decrease from April when the firm averaged $106 billion in daily trading and a smaller decrease from May of last year when the firm reported $104 billion in average daily forwards trading.
These results combined meant that CLS saw a minor month-on-month increase in its total average daily trading volume. The firm finished May with a total of just over $1.79 trillion in average daily trading volume, a 0.8 percent increase on April when the firm reported a total average daily trading volume of 1.78 trillion.
From a year-on-year perspective, the improvement was even greater as the firm finished May of 2017 with a total of $1.55 billion. This represented an approximately 16 percent increase.