CLS Group Reports Mixed Volumes for December 2017, Spot FX Down

CLS Group, a leading provider of risk mitigation and operational services for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term dealers and institutions, today reported its operational metrics for December 2017, which moved lower on a monthly basis but reflected a notable improvement across executed trade volumes when weighed against the figures of a year back.

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Average daily traded volume submitted to CLS was down in December 2017 by 6.9 percent month-over-month at $1.562 trillion compared with $1.677 trillion reported back in November 2017. Across a yearly timetable, the figure reflected an 12.9 percent advance relative to December 2016’s figure of $1.383 trillion.

CLS reported Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term volumes at $1.090 trillion in December 2017, down from $1.149 trillion in November 2017, or -5.1 percent month-over-month. However, the figure was higher by a factor of 21.7 percent year-over-year from $895 billion a year ago.

In terms of CLS’ spot FX volume, the group has reported the figure at $391.0 billion in December 2017, shedding 10.9 percent month-over-month relative to $439.0 billion in the month prior. The figure was also lower by 3.0 percent year-over-year from the $403.0 billion set back in December 2016.

The mixed performance was again pronounced across CLS forwards business which yielded a figure of $81 billion last month, down -8.9 percent month-over-month from $89 billion in November, and was also reflective of a 4.7 percent drop year-over-year from $85 billion in December 2016.

Effective January 2017, CLS shifted its reporting methodology for FX data. The figures are now reported based on one side of FX transactions and only one of the four legs of FX swap trades, in line with BIS standards and Foreign Exchange Committee market reports, and thus it avoids double counting the total amount of trades.

Earlier this month, CLS Group made important moves with the hire of two new employees in key positions. Angus Scott was brought in from Euroclear, and will be the new Head of Product, while Lisa Danino-Lewis was hired to be the new Head of Sales EMEA.