With Strong Second Half of the Year, CLS Bank Volumes Grow in 2014

The CLS Bank has published December and 2014 full-year volume numbers for trades submitted for 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 using its service. For December, 1,223,109 daily trades were submitted for settlement for an average daily volume of $4.87 trillion. The number of trades was 11.7% below that of November, while average volumes experienced a 5.3% decline. The average daily volume figure matched that of year ago's when December 2013 trading also amounted to $4.87 trillion.

Overall for 2014, average daily trades sent for settlement were 1,161,205, 2.7% below 2013. However, average daily volumes of trades for 2014 rose by 3.0% to $5.14 trillion compared to $4.99 trillion in 2013. The volume growth took place even as the first seven months of the year had been weaker due to Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in currencies hitting historical lows before becoming much more active in the second half of 2015.

(Of note is that the CLS reports both sides of an FX transaction. To adjust to calculations used by the Bank for International Settlements, volumes and trades numbers need to be divided by two.)