CLS Sees Solid Growth in June FX Volumes
- The clearing house saw overall volumes grow by 16 percent compared to May
Settlement services provider CLS Group released its foreign exchange trading volumes for June this Tuesday.
The US firm saw a daily average trading volume of $1.30 billion in FX Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term trading last month. In June of last year, the clearing giant reported exactly the same figure.
Compared to May, however, things were much better. CLS released an average daily FX swap trading volume of $1.13 billion two months ago, meaning June saw the firm, from a month on month perspective, increasing its trading volumes by 15 percent.
Things were similarly positive in the spot FX markets.
In June of this year, firms submitted an average of $0.45 billion in FX spot trading orders to CLS.
That was a 10 percent decrease in June of 2018 when the Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term reported average FX spot trading volumes of $0.50 billion.
From a month on month point of view, things were better. In May of this year, CLS reported an average FX spot trading volume of $0.40 billion - 11 percent less than last month.
Positive overall for CLS
In the FX forwards market, things were even better.
CLS released average daily volumes in forwards trading of $0.13 billion for last month.
That was a 44 percent increase on May's $0.09 billion and a 30 percent increase in June of 2018 when the settlement services provider released average daily trading volumes of $0.1 billion in forwards market.
Taking all of that into account, CLS saw a total average daily trading volume of $1.88 billion in June.
That was a minor decrease on the $1.9 billion that the firm reported for the same period last year. But it was also a 16 percent increase on May when the figure was $1.62 billion.
Settlement services provider CLS Group released its foreign exchange trading volumes for June this Tuesday.
The US firm saw a daily average trading volume of $1.30 billion in FX Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term trading last month. In June of last year, the clearing giant reported exactly the same figure.
Compared to May, however, things were much better. CLS released an average daily FX swap trading volume of $1.13 billion two months ago, meaning June saw the firm, from a month on month perspective, increasing its trading volumes by 15 percent.
Things were similarly positive in the spot FX markets.
In June of this year, firms submitted an average of $0.45 billion in FX spot trading orders to CLS.
That was a 10 percent decrease in June of 2018 when the Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term reported average FX spot trading volumes of $0.50 billion.
From a month on month point of view, things were better. In May of this year, CLS reported an average FX spot trading volume of $0.40 billion - 11 percent less than last month.
Positive overall for CLS
In the FX forwards market, things were even better.
CLS released average daily volumes in forwards trading of $0.13 billion for last month.
That was a 44 percent increase on May's $0.09 billion and a 30 percent increase in June of 2018 when the settlement services provider released average daily trading volumes of $0.1 billion in forwards market.
Taking all of that into account, CLS saw a total average daily trading volume of $1.88 billion in June.
That was a minor decrease on the $1.9 billion that the firm reported for the same period last year. But it was also a 16 percent increase on May when the figure was $1.62 billion.