CLS Group Reports Solid Trading Volumes for June 2017

The positive performance was pronounced across CLS forwards business which yielded a figure of $108 billion last month.

CLS Group, a leading provider of risk mitigation and operational services for foreign exchange dealers and institutions, today reported its trading metrics for June 2017, which showed slight improvements both monthly and yearly.

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Average daily input value submitted to CLS, which combines the settlement and aggregation services totals, was up in June 2017 by 5.8 percent MoM at $1.64 trillion compared with $1.55 trillion reported back in May 2017. Across a yearly timetable, the figure reflected a 1.9 percent advance relative to June 2016’s figure of $1.61 trillion.

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CLS reported swaps volumes at $1.081 trillion in June 2017, up from $989 billion in May 2017, or 9.3 percent MoM. The figure was also higher by a factor of 7.5 percent YoY.

In terms of CLS’ spot FX volume, the group has reported the figure at $455.0 billion in June 2017, almost unchanged from $454.0 billion in the month prior. However, the figure saw a 12.0 percent drop YoY from the $517.0 billion set back in June 2016.

The positive performance was again pronounced across CLS forwards business which yielded a figure of $108 billion last month, gaining 3.9 percent MoM from $104 billion in May, and was also reflective of a 20 increase YoY from $90 billion in June 2016.

Effective January 2017, CLS has shifted its reporting methodology for FX data. The figures are now reported based on one side of FX transactions and only one of the four legs of FX swap trades, in line with BIS standards and Foreign Exchange Committee market reports, and thus it avoids double counting the total amount of trades.

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