CLS volumes and values up year on year in 2010
CLS settled a daily average of 690,041 instructions in December with an average daily value of $4.19 trillion, up from 631,155 sides settled in December 2009 with an average daily value of $3.9 trillion.
In November, three third-party clients of Citi signed up as shareholders, Santander, Lloyds and Swedbank (FX Week, December 16, 2010). In so doing, they bring up the total number of banking and financial institutions as shareholders to 72.
Lloyds and Swedbank plan to become direct settlement
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