CLS sets new record for daily settlement volumes

Currency compass

The total value settled was $5.688 trillion.

Rob Close, chief executive at CLS Group in New York said: "This record follows a significant surge in trading volumes since the beginning of May as a result of market volatility, and the UK and US public holidays yesterday. In May CLS Bank settled an average of 1,056,558 instructions per day, with an average daily value of $4.229 trillion."

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