CLS volumes dip in October

Volumes were down 1.4% from September and $135 billion off the highs reached in June

settlement-converted
Reaching higher: FX settlement activity spiked after the confirmed victory to the US presidency of Donald Trump

The average daily input value of matched instructions submitted to foreign exchange settlement utility CLS dipped by $35 billion, or 1.4%, to $2.46 trillion in October on a single-count basis, compared with the previous month.

In September, volumes submitted to CLS stood at $2.495 trillion – the second-highest volume of FX trades it received this year.

The highest volumes were seen in June, when the outcome of the UK's vote to leave the European Union prompted a surge of FX activity to pour

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