CLS Group’s July Volumes Retreat Pare Recent Growth, Declining MoM

Thursday, 18/08/2016 | 09:31 GMT by Jeff Patterson
  • The latest statistics showed a steady decline in FX volumes, which followed on the heels of a wild June.
CLS Group’s July Volumes Retreat Pare Recent Growth, Declining MoM
FM

CLS Group, a provider of risk mitigation and operational services, has reported its latest batch of volumes and aggregation services statistics for July 2016 – the figures underscored a slight pullback MoM, having pared some of its recent gains en route to a continued downward trajectory in H2, according to a recent CLS statement.

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The latest figures followed after a highly volatile June 2016, which was affected by the Brexit referendum and its aftermath, ultimately sparking volumes not only at CLS Group but across currency markets worldwide.

Downtrend Resumes

In terms of July 2016 however, CLS’s submitted average daily input volume, which combines its Settlement and aggregation services, pulled back to 1,050,046 during the month, down -9.7% MoM from a posting of 1,163,083 in June 2016. Moreover, the latest tranche of statistics included a settlement service input of 785,736 (-9.6% MoM) and an aggregation service input of 264,310 (-10.2% MoM) in June 2016.

Looking at 2015 as a counterpoint, CLS’s volumes firmed up slightly, with July 2016 having yielded a tepid decline of -1.7% YoY from 1,068,730 as reported back in July 2015. In addition, its settlement service input and aggregation service input changed by a factor of -4.9% and 9.0% YoY respectively.

Finally, CLS’ submitted average daily input value yielded just $4.69 trillion during July 2016, declining by a factor of -9.6% MoM from $5.19 trillion in June 2016. Relative to a YoY period, July 2016 also registered a growth of 3.8% YoY from $4.52 trillion back in July 2015.

CLS Group, a provider of risk mitigation and operational services, has reported its latest batch of volumes and aggregation services statistics for July 2016 – the figures underscored a slight pullback MoM, having pared some of its recent gains en route to a continued downward trajectory in H2, according to a recent CLS statement.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

The latest figures followed after a highly volatile June 2016, which was affected by the Brexit referendum and its aftermath, ultimately sparking volumes not only at CLS Group but across currency markets worldwide.

Downtrend Resumes

In terms of July 2016 however, CLS’s submitted average daily input volume, which combines its Settlement and aggregation services, pulled back to 1,050,046 during the month, down -9.7% MoM from a posting of 1,163,083 in June 2016. Moreover, the latest tranche of statistics included a settlement service input of 785,736 (-9.6% MoM) and an aggregation service input of 264,310 (-10.2% MoM) in June 2016.

Looking at 2015 as a counterpoint, CLS’s volumes firmed up slightly, with July 2016 having yielded a tepid decline of -1.7% YoY from 1,068,730 as reported back in July 2015. In addition, its settlement service input and aggregation service input changed by a factor of -4.9% and 9.0% YoY respectively.

Finally, CLS’ submitted average daily input value yielded just $4.69 trillion during July 2016, declining by a factor of -9.6% MoM from $5.19 trillion in June 2016. Relative to a YoY period, July 2016 also registered a growth of 3.8% YoY from $4.52 trillion back in July 2015.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
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