CLS Group’s settlement and aggregation service has reported its FX trading volumes for the month of July 2014, underscored by a sizeable decline of -9.8% in monthly volumes, coming in at 926,174 in July 2014, according to a CLS statement.
These figures follow on the heels of a set of uninspiring June metrics, which also illustrated an uneven performance across the board. In July, Average Daily Volumes (ADV) were reported in at 926,174, which consolidated settlement and aggregation services and constituted a -9.8% fall MoM from 1,027,055 in June. By extension, this figure represents a decrease of -20.2% YoY from 1,160,857 in July 2013.
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Additionally, the average daily value of matched instructions submitted to the CLS Group was reported at $54.71 trillion for July 2014. This represents a -13.7% decline MoM from June ($5.46 trillion) – however this figure is virtually in line with its 2013 equivalent, revealing a marginal 0.2% rise from $4.7 trillion in July 2013.