CLS Bank reports 10% rise in volume in March
NEWS
During the month, CLS settled on average 247,813 instructions a day, with an average value of $2.7 trillion. This represents a 10.1% rise in volume compared with February, when an average of 225,152 instructions were settled a day, with a mean value of $2.4 trillion (FX Week, March 20).
The number of banks, brokers, funds and corporates using CLS reached 767, a 2.1% rise from February. This rise was mostly seen among the fund management community, which grew by 38%, closely followed by banks at
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