CLS Group’s August Trading Volumes Unable to Shake Tight Consolidation

CLS Group has reported its latest volumes and aggregation services statistics for the month ending August 2017. CLS’ volumes have now seen a marked decline for three consecutive months, part of a mixed bag in terms of volumes for institutional venues this summer.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

The results at CLS Group were largely on par with other institutional venues, many of which saw a checkered performance in terms of volumes in the summer months. Despite episodes of volume declines, markets were unusually active during August 2017, spurred by an erosion of the USD to multi-year lows vs. majors and escalating tensions with North Korea.

Per the latest figures, CLS Group chalked up a monthly decline for the third month in a row, notably in terms of submitted average daily input volume. In terms of August 2017, 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, was reported at $1.581 trillion during the month.

This corresponded to a marginal decline of less than 1.0 percent from $1.596 trillion set back in July 2017. Overall, this reading did manage to best its August 2016 counterpart, en route to a year-over-year increase of 14.8 percent from $1.39 trillion.

Of note, this slight decline took place despite a high differential of trading days in August 2017, which features 23 days, compared to just 20 in July. Additionally, the latest batch of statistics in August 2017 included a 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 figure of $1.052 trillion, which rose on a monthly basis against $1.042 trillion in July 2017, or approximately 1.0 higher percent month-over-month.

As was the case with its average daily input volume, the latest figures at CLS Group represented an improvement over 2016 as well, growing by 10.3 percent year-over-year from $954.0 billion in August 2016.

Looking at spot FX volumes, CLS Group reported $433.0 billion in August 2017, down 4.4 percent month-over-month from $453.0 billion in July 2017. This change was inverted positively over a year-over-year interval, notching a gain of 21.4 percent from $373.0 billion in August 2016.

Finally, forwards came in at $96.0 billion in August 2017, indicative of a month-over-month drop of 4.9 percent from $101.0 billion in July 2017 – forwards also advanced by a much broader margin compared to August 2016, climbing 52.4 percent year-over-year from $63.0 billion.