CLS Group Reports an Increased Average Volume for February 2017
- The total average daily traded volume for February 2017 at CLS increased despite a drop in spots and forwards.
CLS Group, a provider of risk mitigation and operational services for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term dealers and institutions, today reported its trading metrics for February 2017 showing an overall increase compared with the previous month. CLS also changed its reporting methodology to better align itself with the BIS (Bank of International Settlements), trading platforms and central banks.
In total CLS reports $1.5 trillion in FX traded volumes in February 20, an increase of 2.7% month over month from January 2017. This is despite a drop in spots (from $0.460 to $0.427 trillion) and forwards (from $0.093 to $0.092 trillion). As such the rise was comprised completely of 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 (from $0.904 to 0.978 trillion).
New methodology
CLS will now report FX data for spot FX, FX forwards and FX swap transactions on a monthly basis based on executed trade volumes, which include only one side of any trade, and only one of the four legs of FX swap trades to avoid double counting the total amount of trades.
Previously, CLS reported settlement input volumes (number of tickets or payment instructions) and settlement input values (total US dollar amount) processed by the CLS settlement service on a daily basis. The settlement input volumes include payment instructions on both sides of any trade and the far leg of FX swaps.
CLS explains that while it now follows the conventions used by the BIS, trading platforms and central banks in reporting FX trading activity, some differences remain. In particular, the surveys include activity that do not attract settlement risk and are not submitted to CLS.
CLS Group, a provider of risk mitigation and operational services for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term dealers and institutions, today reported its trading metrics for February 2017 showing an overall increase compared with the previous month. CLS also changed its reporting methodology to better align itself with the BIS (Bank of International Settlements), trading platforms and central banks.
In total CLS reports $1.5 trillion in FX traded volumes in February 20, an increase of 2.7% month over month from January 2017. This is despite a drop in spots (from $0.460 to $0.427 trillion) and forwards (from $0.093 to $0.092 trillion). As such the rise was comprised completely of 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 (from $0.904 to 0.978 trillion).
New methodology
CLS will now report FX data for spot FX, FX forwards and FX swap transactions on a monthly basis based on executed trade volumes, which include only one side of any trade, and only one of the four legs of FX swap trades to avoid double counting the total amount of trades.
Previously, CLS reported settlement input volumes (number of tickets or payment instructions) and settlement input values (total US dollar amount) processed by the CLS settlement service on a daily basis. The settlement input volumes include payment instructions on both sides of any trade and the far leg of FX swaps.
CLS explains that while it now follows the conventions used by the BIS, trading platforms and central banks in reporting FX trading activity, some differences remain. In particular, the surveys include activity that do not attract settlement risk and are not submitted to CLS.