Foreign Exchange trading volumes submitted to CLS Group’s settlement and aggregation service have just been released for the month of April 2014, showing a dip in both the average daily value submitted by members, as well as the average daily volumes, in April.
Average Daily Volumes submitted to CLS, according to an official press release, were reported at 983,850 combining the settlement and aggregation service, and down 14.9% from 1,555,507 instructions submitted by its members in March, a decrease of 171,657 instructions month-over-month.
The average value of matched instructions sent to CLS, representative of its members for March, was reported at $4.79 trillion or lower by $560 billion from March’s total of $5.35, indicating a decrease of 10.5% over that time period.
, as well as , as volumes continued to consolidate amid , as well as the decrease volatility in some of the major currency pairs that is .
Forex Magnates recently covered , which showed higher revenues and volumes hovering around the $5 trillion mark throughout 2013. An excerpt from the CLS press release of April’s figures compared both Month-over-Month and Year-over-Year, can be seen below:
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