CLS Group Reports Slight Decline in October FX Volumes
- The average daily traded volume submitted to CLS was $1.79 trillion in October, down 3.2% MoM from $1.84 trillion in September.
Foreign exchange settlement provider CLS Group reported its operational metrics for October 2019, which moved higher on a yearly basis, but its executed trade volumes were lower compared with the figures of the prior month.
The average daily traded volume submitted to CLS was $1.79 trillion in October 2019, down 3.2 percent month-over-month from $1.84 trillion in September. Across a yearly timetable, the figure reflected an advance by four percent relative to October 2018’s figure of $1.71 trillion.
CLS reported swaps volumes at $1.27 trillion in October 2019, down from $1.34 trillion in September 2019, a fall of five percent month-over-month. However, the figure was higher by a factor of ten percent year-over-year from $1.161 trillion a year ago.
In terms of CLS’ spot FX volume, the group has reported the figure at $415 billion in October 2019, up 2.2 percent relative to $406 billion in the month prior. The figure was lower by 12 percent over a yearly basis from the $471 billion set in the previous year.
CLS turns focus to FX forward market
The mixed performance was again pronounced across CLS forwards business, which yielded a figure of $94 billion last month, unchanged over a monthly basis, and was up 20 percent year-over-year from $78 billion in October 2018.
CLS Group, which provides risk mitigation and settlement services for FX dealers and institutions, announced last week the launch of an FX Forward Volume dataset as part of its executed trade data suite.
The new product provides an aggregated view of the forward market for confirming pricing models for forwards and 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. It complements its existing datasets, which is focused on the FX spot market, with a dedicated data product for the FX forward market, covering 33 major currency pairs.
The company, which was formed in 2002 to reduce FX settlement risks, recently has been keen to promote itself as a provider of innovative products, including post-trade Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, aggregation and netting solutions.
Foreign exchange settlement provider CLS Group reported its operational metrics for October 2019, which moved higher on a yearly basis, but its executed trade volumes were lower compared with the figures of the prior month.
The average daily traded volume submitted to CLS was $1.79 trillion in October 2019, down 3.2 percent month-over-month from $1.84 trillion in September. Across a yearly timetable, the figure reflected an advance by four percent relative to October 2018’s figure of $1.71 trillion.
CLS reported swaps volumes at $1.27 trillion in October 2019, down from $1.34 trillion in September 2019, a fall of five percent month-over-month. However, the figure was higher by a factor of ten percent year-over-year from $1.161 trillion a year ago.
In terms of CLS’ spot FX volume, the group has reported the figure at $415 billion in October 2019, up 2.2 percent relative to $406 billion in the month prior. The figure was lower by 12 percent over a yearly basis from the $471 billion set in the previous year.
CLS turns focus to FX forward market
The mixed performance was again pronounced across CLS forwards business, which yielded a figure of $94 billion last month, unchanged over a monthly basis, and was up 20 percent year-over-year from $78 billion in October 2018.
CLS Group, which provides risk mitigation and settlement services for FX dealers and institutions, announced last week the launch of an FX Forward Volume dataset as part of its executed trade data suite.
The new product provides an aggregated view of the forward market for confirming pricing models for forwards and 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. It complements its existing datasets, which is focused on the FX spot market, with a dedicated data product for the FX forward market, covering 33 major currency pairs.
The company, which was formed in 2002 to reduce FX settlement risks, recently has been keen to promote itself as a provider of innovative products, including post-trade Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, aggregation and netting solutions.