FX Daily Trade Values Drop 2.6% in May at CLS Bank
- Monthly trading values in FX markets saw a decline of 2.6% at CLS Bank. The FX settlement provider was ranging at and above the daily $5 trillion mark on the back of increased volatility, May finished at $4.87 trillion.
Average daily trading values at FX settlement bank, CLS, declined by 2.6% for the month of May from the previous month, as traders took a step down on lower 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 the markets.
The total volume of instructions reported by CLS which collates settlement and its aggregation service was 1,329,316 an increase of 4% from April. CLS Settlement Service received 882,877 instructions, whereas its Aggregation Service received 416,235 instructions.
CLS Bank completed its decade long service to the FX markets last year, originally founded in 2002, the industry initiated bank was created to deliver and operate services to mitigate settlement risk in the world’s most liquid asset class. The bank is a not-for-profit organisation and is managed by member institutions such as the world’s leading investment banks that work alongside central banks. With global trade and commerce rising, settlement risk was a concern for participants, the bank aims is to streamline the way Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and transactions were delivered across currencies.
New Initiatives
The bank is looking to enhance its position as the preferred settlement bank for global FX, a spokesperson for CLS explains: "CLS is hoping to introduce same-say settlement in 2013. The effort, focused on settlement for the US dollar/Canadian dollar pair, was underlined as a requirement following the peak of the financial crisis, that highlighted the same-day market as being underserved by CLS.
"Same-day settlement will require both Real Time Gross Settlement (RTGS) and the CLS system to be available for US and Canada. Once the capability is rolled out in North America, the offering can serve as a proxy for same-day settlement in other regions."
Real Time Gross Settlement is the continuous settlement of payments on an individual order basis without netting debits with credits across the books of a central bank.
CLS Bank settles major currencies including; Euro, Hong Kong Dollar, Canadian Dollar and other major pairs.
Average daily trading values at FX settlement bank, CLS, declined by 2.6% for the month of May from the previous month, as traders took a step down on lower 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 the markets.
The total volume of instructions reported by CLS which collates settlement and its aggregation service was 1,329,316 an increase of 4% from April. CLS Settlement Service received 882,877 instructions, whereas its Aggregation Service received 416,235 instructions.
CLS Bank completed its decade long service to the FX markets last year, originally founded in 2002, the industry initiated bank was created to deliver and operate services to mitigate settlement risk in the world’s most liquid asset class. The bank is a not-for-profit organisation and is managed by member institutions such as the world’s leading investment banks that work alongside central banks. With global trade and commerce rising, settlement risk was a concern for participants, the bank aims is to streamline the way Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and transactions were delivered across currencies.
New Initiatives
The bank is looking to enhance its position as the preferred settlement bank for global FX, a spokesperson for CLS explains: "CLS is hoping to introduce same-say settlement in 2013. The effort, focused on settlement for the US dollar/Canadian dollar pair, was underlined as a requirement following the peak of the financial crisis, that highlighted the same-day market as being underserved by CLS.
"Same-day settlement will require both Real Time Gross Settlement (RTGS) and the CLS system to be available for US and Canada. Once the capability is rolled out in North America, the offering can serve as a proxy for same-day settlement in other regions."
Real Time Gross Settlement is the continuous settlement of payments on an individual order basis without netting debits with credits across the books of a central bank.
CLS Bank settles major currencies including; Euro, Hong Kong Dollar, Canadian Dollar and other major pairs.