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CLS Volumes Start Year with an Upturn

CLS has reported an increase in the average daily volume (ADV) submitted to its settlement and aggregation services for January, with instructions submitted increasing 22.4% from 988,674 in December to reach 1,210,588.

The average daily value submitted to CLS was US$5.29 trillion, up 8.6% from US$4.87 trillion in December.

But ADV remains down when compared to January 2013, when a total of 1,244,505 was recorded for the month. The month-on-month increase also follows a slow December, when volumes fell 10%.

It should be noted that in January 2013 CLS recalculated its monthly data, resulting in non-material changes to volume figures by an average of 0.5%. The data above reflects this calculation. CLS also reports both sides of an FX transaction.

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