CLS Group Posts Record ADV of $1.95 Trillion in February

CLS Group, a US-based financial institution, providing settlement services across the Foreign Exchange market, has announced record trading volumes during February.

CLS’ average daily traded volume reached $1.95 trillion increasing by roughly 8% from January’s already impressive results of $1.81 trillion.

Furthermore, ADV's volume increased even more compared to February 2017. The past month’s results of $1.95 trillion, represent an improvement of approximately 30 percent YoY, from last February’s levels of $1.50 trillion.

Meanwhile, the increase in average daily traded volume is directly correlated to a rise in the total number of transactions, which also increased by 18% during that time frame.

FX volumes have been surpassing expectations for CLS Group, which had already posted impressive figures during January of this year, prior to the newly released record breaking month during February.

Commenting on the company’s record monthly trading volumes, CLS Chief Executive Officer, David Puth said: “February was a record month for traded volumes at CLS. The steady rise in 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 coupled with a multi-year effort to bring new business to the CLS platform is evident through the record amount of activity.”

Puth added: "looking beyond February’s record figures, we have seen a steady increase in traded volumes submitted to CLS throughout the second half of 2017 and now well into March of this year. The increase in volatility has led to greater activity at CLS. The addition of new members, new products and new third parties over the past several years has a leveraged impact on traded volumes at CLS. As volumes increase, an additional benefit is the reduced cost of an incremental transaction to our clients.”

CLS Group has recently ramped up efforts to increase efficiently and expand their product offerings. The company recently launched a new FX forecast data product, which offers potentially predictive capabilities that can be applied across a variety of currency pairs.

Joe Ziccarelli, Global Head of Sales at CLS, also offered his remarks on the successful February trading volumes. “While increased market activity no doubt reflects ongoing market volatility, it also demonstrates a network effect of our direct market engagement, in particular with third party Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term participants. As we continue to engage with the broader market and drive participation, we have seen substantial growth from the buy-side through the support and commitment of both global and local custodians as well as other third-party service providers.”