CLS Group’s Submitted Average Daily Volume Jumps 37% MoM in September

FX trading volumes submitted to the CLS Group’s settlement and aggregation service continued their monthly ascent, with the average daily volume (ADV) surging 37% MoM in September 2014 to 1,419,102.

The CLS is a key nexus of the FX industry, which is owned by some of the world’s leading financial institutions – the group is responsible for settling 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 across 17 different currencies.

The CLS Group reported previously swelling monthly figures in August, which noted a double-digit rise (11.9%) from July. September 2014’s figures proved that August was no fluke, following a MoM growth of 37% from 1,035,978 in August 2014.

The average daily value submitted to CLS during September 2014 was reported at $5.94 trillion, up 21% MoM from $4.9 trillion in August 2014. Across a yearly interval, September 2014 represents a YoY growth of 17.6% relative to $5.05 trillion in September 2013.

According to David Puth, CEO of CLS in a recent statement on the September metrics, “we have seen a significant increase in trading activity this month. September's average daily value of USD5.94 trillion is up by a fifth from August 2014, and is the highest in CLS's 12-year history."

"CLS also achieved another record last month, settling over two million FX instructions in one day for the first time in its history - worth in excess of USD10 trillion. 99% of these instructions were settled in just 45 minutes, which is a testament to the robustness of CLS's recent technology upgrades,” Puth added.

Finally, "despite the low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad Read this Term environment in the FX market for much of 2014, values settled in CLS have remained stable with an average daily settlement value for the year to date of over USD5 trillion."