CLS Member Daily Values Drop 10.5% in April to $4.79 Trillion down $560 billion from March
- For April average daily FX volumes were also down, coming in at 983,850 instructions - from the settlement and aggregation service, and lower by 14.9% from 1,555,507 instructions submitted by CLS members in March.
Foreign Exchange trading volumes submitted to CLS Group's settlement and aggregation service have just been released for the month of April 2014, showing a dip in both the average daily value submitted by members, as well as the average daily volumes, when compared to March's figures covered by Forex Magnates in April.
Average Daily Volumes submitted to CLS, according to an official press release, were reported at 983,850 combining the settlement and aggregation service, and down 14.9% from 1,555,507 instructions submitted by its members in March, a decrease of 171,657 instructions month-over-month.
The average value of matched instructions sent to CLS, representative of its members for March, was reported at $4.79 trillion or lower by $560 billion from March's total of $5.35, indicating a decrease of 10.5% over that time period.
April was a challenging month for platform providers EBS, as well as Thomson Reuters' FX platforms- except for its FXall product, as volumes continued to consolidate amid ongoing concerns over Russia's involvement in the Ukraine crisis, as well as the decrease 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 some of the major currency pairs that is only just starting to normalize.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates recently covered CLS Group's 2013 results, which showed higher revenues and volumes hovering around the $5 trillion mark throughout 2013. An excerpt from the CLS press release of April's figures compared both Month-over-Month and Year-over-Year, can be seen below:
CLS April 2014 figures
Foreign Exchange trading volumes submitted to CLS Group's settlement and aggregation service have just been released for the month of April 2014, showing a dip in both the average daily value submitted by members, as well as the average daily volumes, when compared to March's figures covered by Forex Magnates in April.
Average Daily Volumes submitted to CLS, according to an official press release, were reported at 983,850 combining the settlement and aggregation service, and down 14.9% from 1,555,507 instructions submitted by its members in March, a decrease of 171,657 instructions month-over-month.
The average value of matched instructions sent to CLS, representative of its members for March, was reported at $4.79 trillion or lower by $560 billion from March's total of $5.35, indicating a decrease of 10.5% over that time period.
April was a challenging month for platform providers EBS, as well as Thomson Reuters' FX platforms- except for its FXall product, as volumes continued to consolidate amid ongoing concerns over Russia's involvement in the Ukraine crisis, as well as the decrease 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 some of the major currency pairs that is only just starting to normalize.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates recently covered CLS Group's 2013 results, which showed higher revenues and volumes hovering around the $5 trillion mark throughout 2013. An excerpt from the CLS press release of April's figures compared both Month-over-Month and Year-over-Year, can be seen below:
CLS April 2014 figures