CLS Group Cannot Reverse Monthly Decline in Volumes During December
- During December 2015, the average daily input volume came in at 961,698, down less than -1.0% MoM from November 2015.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending December 2015, which underscored a marginal downturn from the previous month, according to a CLS statement.
For the month ending December 2015, the average daily input volume submitted to CLS, combining the 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 services, came in at 961,698, down less than -1.0% MoM from 964,810 in November 2015. However, over a yearly timeframe, the retreat in volumes was substantially more pronounced, corresponding to a fall of -21.4% YoY from 1,223,109 in December 2014.
Moreover, the average daily input value submitted to CLS in December 2015 yielded $4.47 trillion, climbing 1.4% MoM from $4.41 trillion in November 2015. However, this figure was pared by its 2014 equivalent, which saw a YoY decline of -8.2% from $4.87 trillion in December 2014.
Back in late November, CLS Group made headlines when it announced the addition of FirstRand, one of South Africa’s largest banking groups, to the ranks of its settlement members. FirstRand operates mainly in nine African countries - Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Nigeria and of course South Africa. The group also plays an instrumental role in the trading of many regional currencies, such as the rand – at the time, FirstRand became the 64th settlement member of CLS.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending December 2015, which underscored a marginal downturn from the previous month, according to a CLS statement.
For the month ending December 2015, the average daily input volume submitted to CLS, combining the 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 services, came in at 961,698, down less than -1.0% MoM from 964,810 in November 2015. However, over a yearly timeframe, the retreat in volumes was substantially more pronounced, corresponding to a fall of -21.4% YoY from 1,223,109 in December 2014.
Moreover, the average daily input value submitted to CLS in December 2015 yielded $4.47 trillion, climbing 1.4% MoM from $4.41 trillion in November 2015. However, this figure was pared by its 2014 equivalent, which saw a YoY decline of -8.2% from $4.87 trillion in December 2014.
Back in late November, CLS Group made headlines when it announced the addition of FirstRand, one of South Africa’s largest banking groups, to the ranks of its settlement members. FirstRand operates mainly in nine African countries - Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Nigeria and of course South Africa. The group also plays an instrumental role in the trading of many regional currencies, such as the rand – at the time, FirstRand became the 64th settlement member of CLS.