CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending September 2015, which underscored a notable downturn from the previous month, according to a CLS statement.
For the month ending September 2015, the average daily input volume submitted to CLS, combining the settlement and aggregation services, came in at just 1,081,045, down -7.6% MoM from 1,170,313 in August 2015. However, over a yearly timeframe, the volume retreat was even more pronounced, corresponding to a fall of -23.8% YoY from 1,419,102 in September 2014.
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
In addition, the average daily input value submitted to CLS in September 2015 yielded $4.81 trillion, rising 3.7% MoM from $4.63 trillion in August 2015. However, this optimism was tempered with its 2014 equivalent, which saw a YoY decline of -19.0% from $5.94 trillion in September 2014.
Earlier today, CLS Group teamed up with over-the-counter (OTC) derivatives specialist TriOptima, to jointly launch the triReduce CLS Forward FX Compression Service. The triReduce CLS Forward FX Compression Service helps consolidate CLS’s robust foreign exchange (FX) infrastructure as well as its market connectivity capabilities with TriOptima’s triReduce compression product.