CLS and Quandl to distribute aggregated FX data
CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, and Quandl, a data platform for economic and financial data, have made standardized and aggregated FX trade reports available via subscription.
This new offering allows CLS to distribute its unique set of executed trade data to the broader market in a standardized and easy-to-use manner via Quandl. Data will be made available for subscription in the form of three separate reports, showing activity by hour, day or month. These reports will contain trade volume in terms of both the number of trades and the total value in USD. The data will be aggregated by trade instrument (spot, swap and outright forward) and currency pair.
Quandl brings together millions of financial and economic datasets from hundreds of data publishers onto a single data platform. The data is then made available in a variety of formats including Quandl's website, application program interfaces, and dozens of analysis tools, saving analysts time, effort and money acquiring financial and economic data.
David Puth, CEO of CLS, comments:
"This is the first time we have made this level of aggregate data readily available to the market. It is a key source of trade information will allow a broad range of users to get a clear picture of FX market activity across major currency pairs and products. I am pleased to be working with Quandl, which has a distinct offering for delivering key financial data to the market."
Tammer Kamel, Founder and CEO of Quandl, comments:
"We are delighted to be able to offer CLS's data on Quandl. These datasets address a large gap for quantitative and technical FX traders, who have never had access to such a comprehensive picture of trading volume for the global FX market. With the volume and coverage from CLS now available via Quandl's API and platform, we are delivering a dataset that changes the game in the quantitative analysis of an entire asset class."
To find out more, go to CLS FX Volume Data on Quandl or visit the data services section of our website.
For further information please contact:
CLS
Ataur Rahman: +44 (0)20 7440 9780}
Chatsworth Communications: ataur@chatsworthcommunications.com
Quandl
Carrie Shaw: +1 647-792-7930
VP Marketing: carrie@quandl.com
About CLS
CLS's vision is to be the leading provider of risk mitigation and operational services for the global FX market. It operates the world's largest multicurrency cash settlement service to mitigate FX settlement risk for its settlement members and their clients globally.
With more than 60 settlement members, comprising the world's largest financial institutions, and third-party clients, including banks, funds, non-bank financial institutions and multinational corporations, CLS settles payments relating to FX trades across 18 currencies[1].
CLS mitigates settlement risk by simultaneously settling the payments on both sides of an FX trade on a real time basis. It does this using its unique payment-versus-payment settlement service which is linked to the real time gross settlement systems of the 18 currencies eligible for CLS settlement. The settlement of these payments across the books of CLS is final and irrevocable. For further information, please visit the CLS website.
® CLS and the CLS logo are registered trademarks of CLS UK Intermediate Holdings Ltd.
About Quandl
Quandl helps financial analysts save time, effort and money by delivering high-quality financial, economic, and alternative data in the precise format they need. Founded in 2012, the Quandl platform is used by over 100,000 people including thousands of analysts from the world's top hedge funds, asset managers and investment banks. Professionals use Quandl for its rich suite of databases and unrivalled data consumption experience. Quandl is headquartered in Toronto. Learn more at www.quandl.com, visit us at the Quandl blog, or follow us on Twitter @quandl.