CLS Group Reports Weak Settlement Figures in December 2016

CLS Group, the leading 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 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 Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term 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.

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.