CLS Reports Slight Monthly Decline in October Trading Volumes
- The settlement and aggregation service input data for October 2016 is revealed by CLS.
One of the key utilities to the 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 market participants, CLS Group (CLS), has just reported its 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 service and aggregation service input data for October 2016. The monthly volumes and values are down slightly from CLS' data for September 2016 which was one of the strongest this year with expectations of a upcoming rate hike by the U.S. Federal Reserve increasing throughout.
In terms of the actual numbers, the average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value submitted to CLS was $4.92 trillion down 1.4% from $4.99 trillion in September 2016.
Next month we might expect to see a rebound in the metrics as earlier this month CLS reported witnessing extreme levels of FX trading activity during the announcement of the US election results. The CLS data shows particular spikes in activity between 02:00 – 03:00 GMT when the results for key battleground states were announced. Input volumes were 7 times normal levels for that hour. The largest increase in currency pair activity was the US dollar traded against the Mexican peso (USD/MXN), 63 times normal levels for that hour.
Earlier this month CLS also announced that the company will be launching a brand new market infrastructure interface. The solution has been developed in close cooperation with the company’s clients in order to mitigate the legacy issues which have been an infrastructure challenge to many outdated systems.
One of the key utilities to the 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 market participants, CLS Group (CLS), has just reported its 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 service and aggregation service input data for October 2016. The monthly volumes and values are down slightly from CLS' data for September 2016 which was one of the strongest this year with expectations of a upcoming rate hike by the U.S. Federal Reserve increasing throughout.
In terms of the actual numbers, the average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value submitted to CLS was $4.92 trillion down 1.4% from $4.99 trillion in September 2016.
Next month we might expect to see a rebound in the metrics as earlier this month CLS reported witnessing extreme levels of FX trading activity during the announcement of the US election results. The CLS data shows particular spikes in activity between 02:00 – 03:00 GMT when the results for key battleground states were announced. Input volumes were 7 times normal levels for that hour. The largest increase in currency pair activity was the US dollar traded against the Mexican peso (USD/MXN), 63 times normal levels for that hour.
Earlier this month CLS also announced that the company will be launching a brand new market infrastructure interface. The solution has been developed in close cooperation with the company’s clients in order to mitigate the legacy issues which have been an infrastructure challenge to many outdated systems.