International alternate settlement supplier CLS has confirmed plans to launch a brand new product to its e
International alternate settlement supplier CLS has confirmed plans to launch a brand new product to its executed commerce information suite, referred to as FX Ahead Quantity.
FX Ahead Quantity goals to supply an aggregated view of the ahead marketplace for confirming pricing fashions for forwards and swaps. CLS stated that it’s the first information product for the FX ahead market, with its current datasets targeted on the FX spot market. The dataset will present perception on the FX ahead marketplace for 33 main foreign money pairs.
“With entry to greater than 50% of worldwide FX traded volumes available in the market, CLS processes over 500,000 transactions each day price USD1.55 trillion. We’re uniquely positioned to supply FX forwards information offering deep tenor granularity with exact ahead and damaged dates to market individuals,” Masami Johnstone, head of data providers at CLS, commented.
CLS added that with expertise and an more and more difficult regulatory surroundings, market individuals require extra in-depth market analytics. FX Ahead Quantity will look to assist customers develop new analytics and streamline FX buying and selling methods.
“The fragmented nature of the FX market means there’s a lack of visibility of the whole quantity throughout all venues. This dataset will allow the trade to raised perceive market dynamics based mostly on aggregated quantity…