CLS settles a trillion a day

CLS Bank president and chief executive Joseph De Feo estimated that this represents about 45% of the total amount of foreign exchange traded globally on that day, which saw higher volumes than normal as back-offices processed held-over instructions from the US holiday the day before.

Capturing such a huge chunk of the global FX market so early in its life has silenced many critics of CLS, which, by its September 9 launch last year after repeated delays, had become an easy target for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: