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

CLSForeign 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.

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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 in some of the major currency pairs that is only just starting to normalize.

Forex 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
CLS April 2014 figures
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