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 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.

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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.


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