CLS’s Sees Rebounding Volumes in April, Snapping Recent Downtrend

CLS Group, a provider of risk mitigation and operational services, has just released its volumes and aggregation services data for the April 2016, which showed a slight recovery off of last month’s double-digit losses, per a recent CLS statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Volumes at CLS had been treading water in 2016 already, showing an uneven performance in Q1 2016. This trend was reinforced last month after the figures took another notable dive, which has thus far been unable to secure consecutive monthly grow margins amidst subdued trading across the overall industry.

In terms of April 2016, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, registered 1,073,203 during the month, up a 3.6% MoM from a recorded volume of 1,035,678 back in March 2016 – this also included a settlement service input of 831,525 (2.8% MoM) and an aggregation service input of 241,678 (6.5% MoM) in April 2016.

Looking at the latest figures however, CLS once again could not capture the same volumes as its 2015 equivalent, which during April 2016 represented a decline of -10.2% YoY from 1,194,817 as reported back in April 2015.

Lastly, CLS’ submitted average daily input value yielded just $4.96 trillion during April 2016, moving higher by a margin of 5.8% MoM from $4.69 trillion in March 2016. In addition to a MoM timetable, April 2016 also bested its 2015 counterpart by 6.9% YoY, up from $4.64 trillion in April 2015.