US holiday helps set record volumes on CLS and CME

CLS Bank International, through which CLS settles FX trades, set a new volume record of 262,756 payment instructions with a gross value of $2.175 trillion, in what marks the settlement service’s first breach of the $2 trillion a day mark.

Compared to the previous record set on November 28 after the Thanksgiving holiday, the new record represents a 31% increase in volume and a 22% increase in gross value, CLS said.

Roughly one tenth of the volume settled on January 20 represented third-party

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: