Access to aggregated, executed FX spot trade

pricing data to better analyze pricing trends, measure

the quality of your business decisions and enhance
data-driven trading algorithms.

FX Pricing
CLSMarketData

Structural changes in the OTC FX market have reduced the depth of available
liquidity and created a fragmented landscape for participants. While a greater Improves:
diversity of prices is now available, a more complex execution environment > Trading algorithms
to navigate has emerged.1 > Transaction cost analysis
> Best execution
> Trading strategies
The new CLS FX spot pricing data offers Data highlights > Financial risk
foreign exchange market participants • Executed FX spot trade data for the management
aggregated prices with enhanced analytics 18 currencies settled by CLS, reflected
for an informed view of FX market activity across 33 currency pairs Reduces:
to make their next move. • Pricedata broken down by five minute > FX trading costs
intervals and updated hourly > Market risk –
The benefits
• Datadelivery to suit your requirements price verification
• Effectively analyze pricing trends daily
on an intraday and/or end-of-day
and develop a comprehensive picture

1.55+
report basis
of market activity to improve capital
and operational efficiencies • Valuesare created using
market standard VWAP/TWAP
• Enhanceyour trading algorithms
and minimize market impact
calculation convention USD trillion
• Multi-sourced
pricing data including voice average daily
• Strengthenfinancial and risk control
trades and ECN driven transactions traded volume
around valuations and mark-to-market
• Data available to subscribers in

50%Access
• Drivea better outcome for best execution
standardized and easy-to-use data
and transaction cost analysis (TCA)
sets through an open data delivery
platform – Quandl of global FX traded volumes
Source: FX market fragmentation – addressing
1 
(swap, spot, outright
the liquidity challenge, FXMM May 2017
forward), in the market for
the18 currencies CLS settles
across 33 currency pairs.

Data quality
recognition:
The Value of Volume in
Foreign Exchange, by
University of Melbourne
and Cass University 2017

Our data solutions empower clients’ growth, enabling improved trading

strategies, smarter business decisions and better FX risk management.
Settlement Processing Data
 Using a novel dataset from the leading
FX settlement platform, we find that
FX volume contains information that
is both statistically and economically
powerful for understanding price behavior
in the currency market.

The Value of Volume in Foreign Exchange, 2017

University of Melbourne and Cass University

Business questions addressed About CLSMarketData

• How am I performing? CLSMarketData is a comprehensive suite of data products
designed to provide quality insight and analytics both in
• How do I compare to the rest of the market?
real-time and historical for financial efficiency, visibility and
• Are there short term trading signals? control. All our data is transaction based, platform agnostic,
• What are the trends and seasonality in FX pricing? and dynamic. By sharing our knowledge and partnering
• How does FX pricing correlate with my other data points? with clients, we offer bespoke FX analysis and insights
for market and in-country research.
• Can I seamlessly and consistently execute
on the best available prices throughout the day?
• What is my “all-in” cost of trading FX?

Potential market use cases

• Fuel your trading strategies to improve your funding and decision making
• Effectively judge market liquidity, pricing movements and trends for better
FX execution desks: visibility into market activity
• Enhance your internal transaction cost analysis
• Understand your liquidity positions and better manage exposures across currencies

• Improve valuation accuracy of your portfolio intraday and end-of-day

Risk and compliance: • Support your view on market behavior
• Power your best execution and transaction cost analysis applications

• Research new ways for FX market participants to optimize or automate FX trading efforts to
Research and academia:
reduce costs, slippage and risk

Central banks and • Optimally monitor FX market activity and trends

regulatory authorities: • Understand influence of central bank monetary policy on the global FX market

CLS helps clients navigate the changing FX marketplace – reducing To subscribe to our data or for more information please
risk and creating efficiencies. Our extensive network and deep email data@cls-services.com
market intelligence enable CLS specialists to lead the development
of standardized solutions to real market problems. Our innovative, London New York info@cls-group.com
forward-looking products make the trading process faster, easier, safer Hong Kong New Jersey cls-group.com
and more cost-effective – empowering our clients’ success. Tokyo

All views or opinions expressed in this document are CLS’s and do not reflect the position of any other organization. The information included herein does not constitute investment or financial advice and should not be relied upon as such.
This document is for the exclusive use of the recipient and may not be quoted, forwarded, copied or shared, in whole or in part, without the prior written permission of CLS Group.
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