CLS GROUP

The companies set a new record for the triReduce CLS FX Forward Compression Service.

Historically, the company has only provided data products for the FX spot market.

Hrvatin joins the company from Citigroup.

FX Swaps trading, in particular, led the solid performance during the month.

On an underlying basis, profit for the period was $1.6 million.

Average daily traded volume submitted to CLS was unchanged in August month-over-month, coming in at $1.750 trillion.

The clearinghouse reported an ADV of $1.75 trillion for the month.

JPMorgan and Goldman Sachs were the first banks to go live on CLSNow.

The clearing house saw overall volumes grow by 16 percent compared to May

Trading volumes for spot FX was the only segment to report a month-on-month uptick.

Bayle will be leaving his position at the European Central Bank to take on the role.

Trading was down in spot, forwards and swaps

For the first time this year, CLS reported an uptick in trading on both a MoM and YoY comparison.

More than 90% of the growth came from the buy-side.

FX forwards was the only sector to report a slight increase in traded volumes.

Spot FX volumes was the only segment to increase on both a monthly and yearly comparison.

The UK bank stated that it settled $250 bln worth of FX transactions last year.

FX Forwards was the only sector to report both a monthly and yearly increase in trading activity.

Investment banking giants JP Morgan and Morgan Stanley are the first two companies to use the service.

Berkery was elected to the board on October 16, 2018.

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