Following record volumes in Q4 2009, when average daily volume reached $30.0 billion, January was a steady month for Hotspot, registering average volume of $30.8 billion. That is still a 131.5% increase over January 2009’s average volume of $13.3 billion.
Meanwhile CLS Bank settled a record daily volume of 1,733,262 payment instructions on February 16. Total value settled was $6,181 billion and total net funding was $44.8 billion. This record is substantially above the previous record of 1,544,166 settled during the week of September 14, 2008.
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