Adjusting the settlement figures to correspond to the trade data, the sum of average values of spot FX transactions settled was $700 billion in October 2010 compared with $630 billion in April 2010 and $610 billion in October 2009. FX swap values averaged $740 billion compared with $575 billion and $530 billion, and outright forwards were $153 billion compared with $127 billion and $134 billion. These figures reflect an increase in settled trade values of almost 20% over April 2010 although they also show the increased penetration of CLS itself in OTC FX settlement.
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