New era dawns for FX data

With more than 50% of total global turnover in FX now on the system, the CLS Group believes its data -- including turnover by currency, value, settlement date and potentially by individual bank -- will be invaluable to an industry currently benchmarked only by the Bank for International Settlements’ (BIS) aggregated triennial statistics.

"This would be a first," said Jörg Auer, managing director in operations at UBS in Zurich, and the member of CLS’s board who leads its information working

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