CLS Group Reports September 2015 Settlement Data, Volumes Plunge
- CLS Group reported its September 2015 average daily input volume at just 1,081,045, down -7.6% MoM from 1,170,313 in August 2015.
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.
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 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 (FX) infrastructure as well as its market Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term capabilities with TriOptima’s triReduce compression product.
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.
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 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 (FX) infrastructure as well as its market Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term capabilities with TriOptima’s triReduce compression product.