CLS Group’s August Volumes Waiver on Low Volatility

CLS' volumes were unable to get back on track during August, bogged down by low volatility and static markets.

CLS Group, a provider of risk mitigation and operational services, has released its latest tranche of volumes and aggregation services statistics for August 2016 – the figures were characterized by another consecutive monthly pullback, having relinquished all of its recent volumes gains, according to a recent CLS statement.

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Despite wavering volumes on the heels of a highly turbulent June, sparked by the Brexit referendum, the past two months have been mired in low volatility, with CLS Group’s figures on par with other exchange venues worldwide.

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Volumes Retreat Lower

In terms of August 2016 however, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, pulled back to 883,368 during the month, retreating -15.9% MoM from a figure of 1,050,046 back in July 2016.

Additionally, the latest batch of statistics included a settlement service input of 667,698 in August 2016 (-15.9% MoM from 785,736 in July 2016) and an aggregation service input of 205,680 in August 2016 (-22.2% MoM from 264,310 July 2016).

Looking at CLS’ 2015 figures as a means of comparison, the latest volumes were lower across the board, having undergone a sizable decline of -28.8% YoY from 1,170,313 as reported back in August 2015. Moreover, its settlement service input and aggregation service input were changed by a factor of -24.8% and -23.5% YoY respectively.

Finally, CLS’ submitted average daily input value yielded $4.68 trillion during August 2016, virtually unchanged MoM from $4.69 trillion in July 2016. Relative to a YoY comparison, August 2016 did however register tepid growth of 1.1% YoY from $4.63 trillion back in August 2015.

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