CLS Group Reports Weak Settlement Figures in December 2016

Across a yearly interval, CLS also saw a weaker performance relative to its 2015 counterpart.

CLS Group, the leading provider of risk mitigation and operational services for foreign exchange dealers and institutions, today reported its trading metrics for December 2016, which showed uneven figures and volumes that ultimately erased last month’s recovery.

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Average daily input volume submitted to CLS that combines the settlement and aggregation services totals during December 2016 was down by -19.9% MoM to 934,900, compared with 1,167,833 in November 2016 – this included a settlement service input of 724,291 and an aggregation service input of 210,609 in the last month.

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Across a yearly interval, CLS also saw a weaker performance relative to its 2015 counterpart, with December 2016 having orchestrated a decline of -2.8% YoY from 961,698 as reported back in December 2015.

The figures are reported based on both sides of FX transactions and in line with BIS standards and Foreign Exchange Committee market reports, and thus should be divided by two to obtain the nominal trade amount (to avoid double-counting).

In terms of average daily input value submitted to CLS, the figure resulted in a combined $4.58 trillion in December 2016, down 8% month-over-month from $4.99 trillion in November 2016. However, when compared year-over-year it was higher by a margin of 2.4% YoY from $4.47 trillion in December 2015.

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