CLS Group which operates one of the largest multi-currency cash settlement systems that aggregate FX transactions has reported that volume metrics have concluded the gradual path higher during the first quarter. The company has announced in a press release that the average daily volume of instructions submitted to the CLS was 1,155,507, which is mildly higher when compared to last month, rising by 0.4% from .
However the average daily value of transactions has totalled to $5.35 trillion, which is higher by 3.9% from last month’s figures and brings to a close a very positive quarter. The figures are broadly in line with the rest of the industry, with division reporting record volumes last month as reported by Forex Magnates yesterday.
The year on year changes are roughly the same in terms of transaction volumes, which confirms the theory that FX volumes have largely bottomed out in the last quarter of 2013. has also provided total average daily volumes (ADV) for its Settlement Service which came out at 804,120 transactions and its Aggregation Service which is reported at 351,387.
The company concludes the statement with the information that input volumes are the only number of instructions received by CLS on a given day for future settlement, while input instructions are not necessarily settled during the submit ion month. In addition CLS reports both sides of an FX transaction.
Be First to Comment