CLS’s March Settlement Figures Pare Recent Gains as Volumes Decline MoM
- Settlement data and aggregation services were pointed lower in March, losing double digits MoM.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending March 2016, which showed uneven figures and volumes that ultimately erased last month's recovery, according to a 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.
The latest tranche of data stymies a recent uptick in figures that saw mounting volumes the month prior. However, the average daily input volume submitted to CLS, combining the settlement and aggregation services, came in at 1,035,678 during March 2016, down by -15.2% MoM from 1,220,828 in February 2016 – this included a settlement service input of 808,770 and an aggregation service input of 226,908 in March 2016.
The waning performance was emblematic of a number of institutional venues, many of which had reported declining volumes during March. When measured against its 2015 counterpart, CLS also saw a YoY retreat of -24.2% from 1,366,042 set back in March 2015.
Finally, CLS’ average daily input value submitted to CLS yielded just $4.69 trillion during March 2016, down -3.5% MoM from $4.86 trillion in February 2016. This figure was slightly magnified over a yearly context, losing -8.9% Yoy from $5.15 trillion in March 2015.
CLS Group, a provider of risk mitigation and operational services, has reported its volumes and aggregation services data for the month ending March 2016, which showed uneven figures and volumes that ultimately erased last month's recovery, according to a 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.
The latest tranche of data stymies a recent uptick in figures that saw mounting volumes the month prior. However, the average daily input volume submitted to CLS, combining the settlement and aggregation services, came in at 1,035,678 during March 2016, down by -15.2% MoM from 1,220,828 in February 2016 – this included a settlement service input of 808,770 and an aggregation service input of 226,908 in March 2016.
The waning performance was emblematic of a number of institutional venues, many of which had reported declining volumes during March. When measured against its 2015 counterpart, CLS also saw a YoY retreat of -24.2% from 1,366,042 set back in March 2015.
Finally, CLS’ average daily input value submitted to CLS yielded just $4.69 trillion during March 2016, down -3.5% MoM from $4.86 trillion in February 2016. This figure was slightly magnified over a yearly context, losing -8.9% Yoy from $5.15 trillion in March 2015.