CLS Posts Solid Rise in Volumes in September to Almost $5 Trillion

Thursday, 13/10/2016 | 17:27 GMT by Victor Golovtchenko
  • The settlement and aggregation service input data has increased materially in line with industry trends.
CLS Posts Solid Rise in Volumes in September to Almost $5 Trillion
Finance Magnates

The average daily number of instructions submitted to CLS on a monthly basis has increased sharply in September to 1,038,025. The rebound comes after slower figures in July and August. The September increase totals 17.5 per cent and is in line with broader industry trends. Looking at a year-on-year basis, the figure is lower by 4 per cent.

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The average daily input value submitted to CLS totaled $4.99 trillion which is higher by 6.6 per cent when compared to August 2016 and by 3.7 per cent when compared to the same month last year.

Last month was one of the strongest this year with expectations of a December rate hike by the U.S. Federal Reserve increasing throughout the past couple of weeks to reach about 67% as of today. Current levels of activity are expected to persist in light of further uncertainty about the economic outlook in the US and globally.

September has been a month of consolidation for major foreign Exchange pairs, with the month of October starting on an upbeat note. Volatility has returned to the markets full swing and the fourth quarter of the year is looking promising.

A noteworthy remark on the data is that input volumes are the number of instructions received by CLS on a given day for future settlement. Input instructions are not necessarily settled during the month in which they were submitted.

The average daily number of instructions submitted to CLS on a monthly basis has increased sharply in September to 1,038,025. The rebound comes after slower figures in July and August. The September increase totals 17.5 per cent and is in line with broader industry trends. Looking at a year-on-year basis, the figure is lower by 4 per cent.

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The average daily input value submitted to CLS totaled $4.99 trillion which is higher by 6.6 per cent when compared to August 2016 and by 3.7 per cent when compared to the same month last year.

Last month was one of the strongest this year with expectations of a December rate hike by the U.S. Federal Reserve increasing throughout the past couple of weeks to reach about 67% as of today. Current levels of activity are expected to persist in light of further uncertainty about the economic outlook in the US and globally.

September has been a month of consolidation for major foreign Exchange pairs, with the month of October starting on an upbeat note. Volatility has returned to the markets full swing and the fourth quarter of the year is looking promising.

A noteworthy remark on the data is that input volumes are the number of instructions received by CLS on a given day for future settlement. Input instructions are not necessarily settled during the month in which they were submitted.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 22 Followers

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