CLS Group has reported its volumes and aggregation services data for the month ending April 2015, which showed a notable downturn from the previous month, according to a CLS statement.
For the month ending April 2015, the average daily input volume submitted to CLS, combining the settlement and aggregation services, came in at just 1,194,817 – down -10.6% MoM from 1,366,042 in March 2015. However, over a yearly timeframe, the volume managed to rise 21.4% YoY from 983,850 in April 2014.
FBS CopyTrade Launches a New Card Scanning Feature!Go to article >>
In addition, the average daily input value submitted to CLS in April 2015 yielded $4.64 trillion, down -9.9% MoM from $5.15 trillion in March 2015. Adding to the monthly woes was a YoY decline, to the tune of -3.1% YoY from $4.79 trillion in April 2014.
According to CLS CEO, David Puth, in a recent statement on the figures, “Consistent with the overall decline in activity in the FX market during April, average daily input volumes in CLS decreased by 10.6% while daily input values dropped by 9.9% month on month.”
Last month, CLS Group released its annual report for 2014, having managed to materially improve its financials, including a 6% YoY increase in revenues when compared to 2013.