On Wednesday, it settled 604,860 payment instructions with a gross value of $7.28 trillion (double count). This beats the previous record of $6.62 trillion and is the first time that the value of payment instructions settled has exceeded $7 trillion in one day.
CLS says that an increasing number of fund managers are starting to settle through it and calendar rolls to the September IMM date was a major reason for the new record. “This latest ‘quarter day’ has seen CLS exceed the previous record value by 10%.
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