CLS Group’s May Volumes Pare Recent Gains in Move Lower
- CLS' May volumes were unable to build on last month's momentum.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending May 2016, which incurred a pullback MoM that pared all of the previous month's gains, ultimately extending a 2016 downtrend, according to a recent CLS statement.
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2016 has been a mixed bag for CLS Group in terms of volumes, having oscillated over a monthly basis though largely moving lower throughout Q1 2016. Like other institutional venues, CLS Group has been unable to mount any sort of sustained recovery in its volumes, especially now with a traditional summer lull approaching. Despite the recent downtrend, last month saw a slight rebound in its volumes, though CLS’ latest tranche of data suggests that the momentum was not sustainable.
In terms of May 2016, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, registered just 969,061 during the month, down -9.7% MoM from a volume of 1,073,203 that was recorded back in April 2016 – furthermore the latest figures included a settlement service input of 754,396 (-9.3% MoM) and an aggregation service input of 214,665 (-11.2% MoM) in May 2016.
In taking a closer look at the volumes, CLS also saw weaker performances across the board relative to its 2015 counterpart, with May 2016 having represented a decline of -14.9% YoY from 1,138,576 as reported back in April 2015. By extension, its settlement service input and aggregation service input fell by a factor of -7.2% and 34.1% YoY respectively.
Lastly, CLS’ submitted average daily input value yielded just $4.61 trillion during May 2016, retreating lower by -7.1% MoM from $4.96 trillion in April 2016. In addition to a MoM interval, May 2016 also saw its latest input value exactly match the same figures disclosed in May 2015, unchanged YoY from $4.61 trillion.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending May 2016, which incurred a pullback MoM that pared all of the previous month's gains, ultimately extending a 2016 downtrend, according to a recent CLS statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
2016 has been a mixed bag for CLS Group in terms of volumes, having oscillated over a monthly basis though largely moving lower throughout Q1 2016. Like other institutional venues, CLS Group has been unable to mount any sort of sustained recovery in its volumes, especially now with a traditional summer lull approaching. Despite the recent downtrend, last month saw a slight rebound in its volumes, though CLS’ latest tranche of data suggests that the momentum was not sustainable.
In terms of May 2016, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, registered just 969,061 during the month, down -9.7% MoM from a volume of 1,073,203 that was recorded back in April 2016 – furthermore the latest figures included a settlement service input of 754,396 (-9.3% MoM) and an aggregation service input of 214,665 (-11.2% MoM) in May 2016.
In taking a closer look at the volumes, CLS also saw weaker performances across the board relative to its 2015 counterpart, with May 2016 having represented a decline of -14.9% YoY from 1,138,576 as reported back in April 2015. By extension, its settlement service input and aggregation service input fell by a factor of -7.2% and 34.1% YoY respectively.
Lastly, CLS’ submitted average daily input value yielded just $4.61 trillion during May 2016, retreating lower by -7.1% MoM from $4.96 trillion in April 2016. In addition to a MoM interval, May 2016 also saw its latest input value exactly match the same figures disclosed in May 2015, unchanged YoY from $4.61 trillion.