CLS Bank posts daily record for payment instructions
Rob Close, chief executive of CLS Group, said the settlement system continues to see strong growth in participation, with an expanding community of users.
CLS Bank is settling an average of more than 340,000 payment instructions a day from FX deals submitted by members and third-party clients, totalling an average gross daily value of $3.9 trillion.
The CLS Bank service is currently being used by 1,355 banks, brokers, fund accounts and corporates.
Susanna Robinson
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