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.

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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.

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