CLS Reports Solid FX Trading in March After Mixed Start to 2019
- For the first time this year, CLS reported an uptick in trading on both a MoM and YoY comparison.
Following a lackluster performance in the previous month, CLS Group, a leading provider of risk mitigation and 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 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 (FX) dealers and institutions, has reported an uptick in the daily traded volumes submitted by its clients in March of 2019 this Wednesday.
Specifically, during the month of March, the average daily traded volume (ADV) submitted to CLS was $1.86 trillion. When measured against the previous month, which had an ADV of $1.73 trillion, this is up by 8 percent.
One interesting aspect of March’s volume is it’s the first monthly volume this year to be up on a year-on-year comparison, as March of 2018 had an ADV of $1.855 trillion, which is slightly lower by 0.4 percent.
The total monthly volume is based on three trading sections – swap FX, spot FX, and FX forward contracts. Out of the three, swap FX has by far attracted the highest ADV during the month of March.
CLS Swap FX Volumes Climb in March
Across the month, the total Swap FX ADV submitted to CLS was $1.308 trillion. This figure represents a climb of 6.6 percent when compared to February. It is also up on a year-on-year comparison.
Spot FX takes the second place in terms of the highest ADV submitted in March of 2019, at $439 billion. Whilst this is an increase of 9.2 percent month-on-month, unlike Swap FX it is down on an annual comparison by 8.5 percent.
The final segment is FX forward contracts, which contributed the smallest trading volume in March. Nonetheless, the ADV for the segment remained robust throughout the month, with the total ADV coming in at $116 billion. This represents a jump of 20.8 percent month-on-month and 12.6 percent year-on-year.
Following a lackluster performance in the previous month, CLS Group, a leading provider of risk mitigation and 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 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 (FX) dealers and institutions, has reported an uptick in the daily traded volumes submitted by its clients in March of 2019 this Wednesday.
Specifically, during the month of March, the average daily traded volume (ADV) submitted to CLS was $1.86 trillion. When measured against the previous month, which had an ADV of $1.73 trillion, this is up by 8 percent.
One interesting aspect of March’s volume is it’s the first monthly volume this year to be up on a year-on-year comparison, as March of 2018 had an ADV of $1.855 trillion, which is slightly lower by 0.4 percent.
The total monthly volume is based on three trading sections – swap FX, spot FX, and FX forward contracts. Out of the three, swap FX has by far attracted the highest ADV during the month of March.
CLS Swap FX Volumes Climb in March
Across the month, the total Swap FX ADV submitted to CLS was $1.308 trillion. This figure represents a climb of 6.6 percent when compared to February. It is also up on a year-on-year comparison.
Spot FX takes the second place in terms of the highest ADV submitted in March of 2019, at $439 billion. Whilst this is an increase of 9.2 percent month-on-month, unlike Swap FX it is down on an annual comparison by 8.5 percent.
The final segment is FX forward contracts, which contributed the smallest trading volume in March. Nonetheless, the ADV for the segment remained robust throughout the month, with the total ADV coming in at $116 billion. This represents a jump of 20.8 percent month-on-month and 12.6 percent year-on-year.