CLS Group’s FX Volumes Advance in March on Higher Volatility

CLS's FX volumes were noticeably higher in March, attributed largely to higher trading volatility.

CLS Group, a provider of risk mitigation and operational services, has released its latest volumes and aggregation services statistics for the month ending March 2017 – volumes were higher across the board in the FX space, with CLS registering a jump in swaps, forwards, and spot volumes.

The London Summit 2017 is coming, get involved!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

In terms of March 2017, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, rose to $1.6 trillion during the month, climbing 6.7 percent month-over-month from a figure of $1.5 trillion set back in February 2017. Overall, this also compared favorably to March 2016, justifying a year-over-year boost of 9.6 percent from $1.46 trillion.

Suggested articles

Blockchain Key Players to Gather in Bloconomic Expo 2019Go to article >>

Moreover, the latest batch of statistics included a swaps figure of $1.04 trillion in March 2017, rising against $987.0 billion in February 2017, or 1.7 percent month-over-month – the increase was more pronounced on a year-over-year basis (10.6 percent), vs. $908.0 billion in March 2016.

Looking at CLS’ spot FX volume, the group reported $462.0 billion in March 2016, compared to $427.0 billion in February 2017, or 8.2 percent month-over-month. This advance was stifled year-over-year, unable to advance from $468.0 billion in March 2016.

Finally, CLS’ forwards came in at $9.5 billion in March 2017, reflective of a month-over-month growth of 3.3 percent from $9.2 billion in February 2017 – forwards also advanced by a much broader margin compared to March 2016, climbing 17.3 percent year-over-year from $8.1 billion.

March 2016 was dictated by an uptick in volatility across FX markets, helped by the US Federal Reserve. A rare rate hike managed to shock markets out of a narrow consolidation seen this past February.

Got a news tip? Let Us Know