CLS FX Forecast data product to meet execution challenges

13 February 2018

CLS, a market infrastructure group delivering settlement, processing and data solutions, is releasing a new foreign exchange (FX) forecast data report as part of its comprehensive suite of data products.

CLS’s FX Forecast data will provide subscribers with a forward looking view of FX markets on an hourly basis, enabling them to quickly detect potential price movements and identify times to trade with greater liquidity, reducing market impact and signalling risk. In addition, CLS’s FX Forecast data offers significant benefits to risk and compliance teams, enabling market participants to better predict volume and rate changes, which can help inform their models and views around volume surges.

Subscribers to the report will receive hourly executed trade volume data for eight currency pairs1, delivered on a daily basis for the week ahead (120 forecast hours). The data takes into account the market impact of past and future scheduled economic events based on CLS warehoused historic data.

Alan Marquard, Chief Strategy and Development Officer at CLS, said: “Our position at the center of the global foreign exchange market means we are ideally placed to provide comprehensive and accurate data insights to market participants.

“Incorporating our forecast data into trading strategies can provide institutions with a better view of trading capacity, enabling them to optimize and time their trades. It also helps risk teams to more accurately adjust their models to the changing market. Ultimately, this will lead to a safer and more profitable foreign exchange market.”

1 AUD-USD, EUR-GBP, EUR-JPY, EUR-USD, USD-CAD, USD-CHF, USD-JPY and GBP-USD. (Bespoke analysis on additional CLS-settled currencies and pairs available on request).

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