CLS Group Reports April 2015 Settlement and Aggregation Data, Volumes Fall

CLS Group has reported its volumes and aggregation services data for the month ending April 2015, which showed a notable downturn from the previous month, according to a CLS statement.

For the month ending April 2015, the average daily input volume submitted to CLS, combining the 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, came in at just 1,194,817 – down -10.6% MoM from 1,366,042 in March 2015. However, over a yearly timeframe, the volume managed to rise 21.4% YoY from 983,850 in April 2014.

In addition, the average daily input value submitted to CLS in April 2015 yielded $4.64 trillion, down -9.9% MoM from $5.15 trillion in March 2015. Adding to the monthly woes was a YoY decline, to the tune of -3.1% YoY from $4.79 trillion in April 2014.

According to CLS CEO, David Puth, in a recent statement on the figures, “Consistent with the overall decline in activity in the FX market during April, average daily input volumes in CLS decreased by 10.6% while daily input values dropped by 9.9% month on month.”

Last month, CLS Group released its annual report for 2014, having managed to materially improve its financials, including a 6% YoY increase in revenues when compared to 2013.