CLS FX vols Oct14: Vols down -10.9% to $5,290bln/day, whilst setting new record transactions of 1.465mln/day


The CLS settlement system has reported a -10.9% drop in the average daily value of FX trades settled through their platform in October 2014 compared to the record set in September, which is in-line with similar drops seen in Thomson Reuters and Hotspot volumes (although EBS bucked the trend with a 10pct rise).

However, whilst the value of trades has dropped, the number of instructions submitted was up 3.2% at a new record of 1.465mln instructions/day.

Details from the platform and charts are as follows:

CLS value of instructions submitted: $5,29bln/day, down -10.9% on the record $5,940bln/day in Sep 14, and some +5.8% up on Oct 2013 level of $5,000bln/day.

CLS number of instructions submitted: 1,465,105, set a new record which was up +3.2% on the 1,419,102 in Sep 14, and some +41.2% up on Oct 2013 level of 1,038,584.

CLS FX Vol1 Oct 14

CLS Data: Value and number of transactions submitted to CLS in Oct 2014

Average Trade size: $3.61mln was down -13.7% on the $4.18mln in Sep 14 and down -25.1% compared to the $4.82mln in Oct 2013.

The lower average trade size reflecting the increased flows via e-trading channels, where higher volumes are generally accompanied by lower average trade sizes.

CLS Average Trade Size Oct 14

 

CLS Data: Average Trade size for Oct014

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