CLS Unveils Predictive FX Report
The forecasting tool will enable traders to identify movements and liquidity, while helping risk and compliance staff to adjust models based on market events.
CLS’ FX Forecast provides an hourly forward-looking view of the FX markets, including trade volume covering eight currency pairs—Australian dollar against US dollar, euro against pounds sterling, Japanese yen and US dollar, US dollar against Canadian dollar, Swiss franc and Japanese yen, and sterling against US dollar—for the upcoming five business days, and accounting for the market impact of past and scheduled future economic events based on CLS’ warehouse of historical data.
In addition, the data enables risk and compliance teams to better predict volume and rate changes, to help inform their models and views around volume surges.
“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,” says Alan Marquard, chief strategy and development officer at CLS. “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.”
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