Overall average daily values submitted were $1,853 billion compared to $1,620 billion in July, according to CLS data. Year-on-year, average daily volumes were up 24%, while on a product basis, spot, swap and forward volumes rose 35%, 8% and 57% respectively. Swap volumes had the biggest month-on-month change, rising 4%.
CLS average daily volumes little changed in August
CLS Group, the multi-currency cash settlement system that eliminates FX settlement risk, said average daily volumes in August were marginally higher than the previous month, in what is typically a quiet month for volumes.
September 14, 2011
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