CLS Bank settles new record in daily volume

The new record, following the US Independence Day holiday, saw 464,450 payment instructions settled with a gross value of $3.426 trillion on July 5. This is a 22% increase on the previous record of 381,302, set on January 18, 2005, following the Martin Luther King US public holiday.

It is also the first time the volume of payment instructions settled has exceeded 400,000 in one day.

CLS sees a daily average of over 200,000 payment instructions a day derived from FX deals submitted by its members

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