CLS Group’s July Volumes Retreat Pare Recent Growth, Declining MoM

CLS Group, a provider of risk mitigation and operational services, has reported its latest batch of volumes and aggregation services statistics for July 2016 – the figures underscored a slight pullback MoM, having pared some of its recent gains en route to a continued downward trajectory in H2, according to a recent CLS statement.

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The latest figures followed after a highly volatile June 2016, which was affected by the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum and its aftermath, ultimately sparking volumes not only at CLS Group but across currency markets worldwide.

Downtrend Resumes

In terms of July 2016 however, CLS’s submitted average daily input volume, which combines its Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term and aggregation services, pulled back to 1,050,046 during the month, down -9.7% MoM from a posting of 1,163,083 in June 2016. Moreover, the latest tranche of statistics included a settlement service input of 785,736 (-9.6% MoM) and an aggregation service input of 264,310 (-10.2% MoM) in June 2016.

Looking at 2015 as a counterpoint, CLS’s volumes firmed up slightly, with July 2016 having yielded a tepid decline of -1.7% YoY from 1,068,730 as reported back in July 2015. In addition, its settlement service input and aggregation service input changed by a factor of -4.9% and 9.0% YoY respectively.

Finally, CLS’ submitted average daily input value yielded just $4.69 trillion during July 2016, declining by a factor of -9.6% MoM from $5.19 trillion in June 2016. Relative to a YoY period, July 2016 also registered a growth of 3.8% YoY from $4.52 trillion back in July 2015.