CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of July 2019.
The ADV submitted to CLS dropped with 7.1% MoM to US$1.75 trillion.
ADV submitted to CLS by product (US$ trillion)
|Jul 2018||Jun 2019||Jul 2019|
|Total average daily traded volume submitted to CLS (USD trillion)||1.638||1.882||1.749|
The company has recently launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service and has added China CITIC Bank International Limited (CNCBI) to CLSSettlement as a third-party client.