CLS hits settlement record

Utility settles more than 2 million instructions – Wednesday 17

settlement-money-hands

Foreign exchange settlement utility CLS settled more than two million FX instructions for the first time in its history yesterday, surpassing its previous record of 1,993,544, set almost one year ago.

The total settled instructions numbered 2,000,206 and their transaction value of $10.08 trillion is just below the current record of $10.34 trillion, recorded on March 19, 2008.

"Around 99% of the instructions were settled in just 45 minutes... a testament to the company's recent technology

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