In last week CLS Group has published a consolidated report of the February activities of all companies included in the group. The daily average transaction numbers in the FX over the past month fell by nearly 5% m/m to 1 150 663.
In addition to the decline in the transactions amount, CLS Group also recorded a volumes decrease. In February ADV was $5.15 trillion which means a lower value of 2.7% compared to January’s $5.29 trillion.
The decline is a confirmation of widely outlining industry trend during this month – February turned out to be not the best time for FX. Some brokers dump the blame on a smaller number of trading days, while others on a falling market volatility in a number of major currencies – JPY for example.
In the latest report, CLS Group also informed that Ken Harvey will became a Chairman of the Board within next few months. Official announcement will take place in October 2014.
