After SNB Boost, CLS Daily FX Volumes Went Back Down 16.5% in February

Last month, CLS revealed it experienced a 16% jump in volumes on the back of the SNB crisis. The new

CLSCLS has just reported its settlement data for the month ending February 2015, including monthly FX volumes and values data.

As a result of lower volatility in Europe and Japan, the average daily input volumes in CLS for February decreased by 16.5% while daily input values dropped by 8.3% month-on-month.

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Last month, CLS revealed it experienced a 16% jump in volumes on the back of the SNB crisis. The new CLS data shows the FX market returned to normality in February without the extreme market volatility seen in January.

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David Puth, CEO of CLS commented: “The FX market moved to a period of notably lower volatility during the month of February following the unprecedented movements that followed the Swiss National Bank’s announcement on 15 January. European currencies and the Japanese yen traded in a relatively narrow range during the month. As a result, average daily input volumes in CLS for February decreased by 16.5% while daily input values dropped by 8.3% month-on-month.”

“During the past six months we have passed a number of major milestones with record activity at CLS. Ongoing investment in building capacity and resiliency in our systems has enabled CLS to process this increased activity seamlessly, on time, every day,” Puth added.

Total CLS Input Volumes and Values

In February 2015:

  • The average daily input volume submitted to CLS, combining the settlement and aggregation services was 1,185,696, down 16.5% from 1,419,369 in January 2015.
  • The average daily input value submitted to CLS was 4.87 trillion, down 8.3% from USD 5.31 trillion in January 2015.

CLS reports both sides of an FX transaction.

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