CLS November Volumes Up 5.4% and Value Down 2.2%
- CLS Group saw trading value drop below the $5 trillion mark as participants were on the side lines during November. However, volumes instructions submitted to the settlement provider were up 5.4%.
FX settlement provider, CLS Group has reported trading performance for the month of November. The New York-based organization saw mixed results in the value and volumes of instructions submitted to the firm.
The group reported that the average daily volume submitted to CLS, combining the settlement and aggregation services, was 1,094,020 up 5.4% from 1,037,584 in October. On the other hand, the average daily value submitted to CLS was US$4.89 trillion, down 2.2% from US$5.00 trillion in October.
CLS settles a range of major and emerging market currency pairs. Firms that use CLS to settle FX transactions can mitigate their settlement risk.
CLS operates as a monopoly in the global FX markets, however Hong Kong’s main securities and derivatives market place launched a new FX NDF Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term solution last month.
Note: CLS reports both sides of an FX transaction. To adjust the average daily value data to equate to the same reporting convention used by the Bank for International Settlements and the semi-annual foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term committee market reports, the gross values should be divided by two.
FX settlement provider, CLS Group has reported trading performance for the month of November. The New York-based organization saw mixed results in the value and volumes of instructions submitted to the firm.
The group reported that the average daily volume submitted to CLS, combining the settlement and aggregation services, was 1,094,020 up 5.4% from 1,037,584 in October. On the other hand, the average daily value submitted to CLS was US$4.89 trillion, down 2.2% from US$5.00 trillion in October.
CLS settles a range of major and emerging market currency pairs. Firms that use CLS to settle FX transactions can mitigate their settlement risk.
CLS operates as a monopoly in the global FX markets, however Hong Kong’s main securities and derivatives market place launched a new FX NDF Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term solution last month.
Note: CLS reports both sides of an FX transaction. To adjust the average daily value data to equate to the same reporting convention used by the Bank for International Settlements and the semi-annual foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term committee market reports, the gross values should be divided by two.