CLS volumes drop in February as market returns to 'normal'

Average daily input volume dropped 16.5% in February

David Puth at CLS
David Puth, CLS

Settlement utility CLS has seen its average daily input volume drop 16.5% in February compared with the first month of the year, as currency markets settled down after extraordinary events in January.

Average daily input volumes for February submitted to CLS, combining the settlement and aggregation services, stood at 1,185,696, down 16.5% from 1,419,369 in January 2015. Meanwhile, average daily input values dropped 8.3% in February, to $2.435 trillion compared with $2.655 trillion in January.

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