CLS FX Nov14: Vols down -2.3% to $5,170bln/day


The CLS settlement system has reported a -2.3% drop in the average daily value of FX trades settled through their platform in Nov 2014, some -13% lower from the record set in September. Although the monthly drop is around half the average fall seem in the major platforms that reported last week, which saw falls ranging from -4.4% for Hotspot to down -11% for Reuters Spot matching.

The number of instructions submitted was down -5.4% from the record level of 1.465mln instructions/day seen in October 14.

Details from the platform and charts are as follows:

CLS value of instructions submitted: $5,170bln/day, down -2.3% on the $5,290bln/day in Oct 14, although still up +5.7% up on Nov 13 level of $4,890bln/day.

CLS number of instructions submitted: 1,385,840, was down -5.4% on the record 1,465,105 seen in Oct 14, and some +26.7% up on Nov 2013 level of 1,094,020.

CLS Average Trade Size Nov 14CLS Data: Value and number of transactions submitted to CLS in Nov 2014

Average Trade size: $3.73mln was up 3.3% on the $3.61mln in Oct 14 and down -16.5% compared to the $4.47mln in Nov 2013.

CLS Average Trade Size1 Nov 14

 CLS Data: Average Trade size for Nov 2014

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