FX Markets

CLS Bank reports record volumes

NEWS

On December 20, the system settled 529,318 payment instructions with a gross value of US$6.62 trillion.

The previous volume record was set last January 17 with 502,384 instructions, while a value record of $5.47 trillion was reached on September 20. In November, CLS Bank settled an average of 264,361 payment instructions a day derived from foreign exchange deals submitted by members and third party clients, with a gross value in excess of $2.8 trillion.

"This latest record value represents a 21%

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