{"id":145784,"date":"2021-11-25T13:27:19","date_gmt":"2021-11-25T13:27:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145784"},"modified":"2021-11-25T13:27:19","modified_gmt":"2021-11-25T13:27:19","slug":"cls-group-posts-9-yearly-jump-in-october-adv","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cls-group-posts-9-yearly-jump-in-october-adv\/","title":{"rendered":"CLS Group Posts 9% Yearly Jump in October ADV"},"content":{"rendered":"
CLS Group, which is a major settlement provider in the foreign exchange market, has published some key trading metrics for October, showing a healthy uptick in demand across all offered FX products.<\/span><\/p>\n The average daily traded volumes on the platform touched $1.86 trillion last month. That was a month-on-month jump of 1.8 percent while increasing 9 percent on a yearly basis.<\/span><\/p>\n CLS\u2019s services in the forex market can be categorized into three segments: forward, swap and spot. The average daily traded volume (ADV) for FX forwards came in at $102 billion, which slipped from the ADV in September 2021 at $114 billion and the ADV in October 2020 at $117 billion. It was the only trading segment where demand went down.<\/span><\/p>\n ADV with FX swaps came in at $1.319 trillion, which remained the highest in absolute terms. This figure increased by almost 10 percent when compared with the previous month, while the yearly uptick was around 2.9 percent.<\/span><\/p>\n In addition, spot trading demand grew by more than 13.5 percent from the ADV of September, while the increase was 2 percent when compared with the same month of the previous year. In absolute terms, spot trading ADV for October came in at $445 billion.<\/span><\/p>\n Other institutional forex trading platforms reported mixed volumes for October. FXSpotStream, which provides multibank FX aggregation service for spot FX trading, witnessed a 4.35 percent month-over-month jump in its ADV with $50.4 billion. In contrast to that,\u00a0Cboe\u00a0reported almost flat demand.<\/span><\/p>\n Meanwhile, the CLS Group strengthened its directors\u2019 table with the appointment of Gottfried Leibbrandt and Shuta Okawara last month, taking the total directors\u2019 count to 21.<\/span><\/p>\nMixed Numbers<\/span><\/h2>\n