CLS’ September Volumes Rebound Across the Board

Volumes managed to see a healthy jump as big money returned to FX markets

CLS Group has reported its volumes and aggregation services statistics for the month ending September 2017. The group’s volumes have snapped a multi-month decline, en route to a monthly rebound as big money in the institutional space returned to more normalized levels.

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The results at CLS Group were on par with other institutional venues, as big money no longer remained on the sidelines after a relatively dormant summer. Volatility was also higher during the month with the USD rebounding in value as well as lingering aftershocks in the geopolitical space via North Korea.

Per the latest figures, CLS Group managed to reverse a consecutive three-month decline in its submitted average daily input volume. In terms of September 2017, CLS’s submitted average daily input volume, which combines its settlement and aggregation services, was reported at $1.75 trillion during the month.

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This figure was most upbeat in over three months and corresponded to a healthy rise of 10.7 percent month-over-month from $1.581 trillion set back in August 2017. Overall, this reading was also higher than its 2016 counterpart, justifying a year-over-year increase of 15.9 percent from $1.51 trillion.

Of note, the increase volumes came in spite of a differential of trading days in September 2017, which featured just 21 days, relative to 23 days in August. Moreover, the latest tranche of statistics in September 2017 included a swaps figure of $1.137 trillion, which rose on a monthly basis against $1.052 trillion in August 2017, or 8.1 higher percent month-over-month.

The momentum was also extended to CLS’ average daily input volume, with the latest figures at CLS Group constituting an improvement over 2016 as well. This reflected a growth of 34.1 percent year-over-year from $982.0 billion in September 2016.

Looking at spot FX volumes, CLS Group reported $510.0 billion in September 2017, up by 17.8 percent month-over-month from $433.0 billion in August 2017. This change was even higher over a year-over-year interval, securing a gain of 15.4 percent from $442.0 billion in September 2016.

Finally, forwards came in at $102.0 billion in September 2017, indicative of a month-over-month jump of 6.3 percent from $96.0 billion in July 2017 – forwards also advanced by a more pronounced margin compared to September 2016, climbing 13.3 percent year-over-year from $90.0 billion.

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