The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

CLS average settlement values down in July 2011

CLS Group, the multi-currency cash-settlement system that eliminates FX settlement risk, said average daily volumes in July fell from the previous month to $4.87 trillion, although they rose 24% year-on-year, from $3.93 trillion. CLS settled an average daily volume of 801,815 instructions in the month, which was down 2% on June, CLS said in a statement today.

The CLS aggregation service continued to improve its average compression ratios in July. CLS reported a new daily record volume of 398,170 trade instructions on 12 July, which it compressed to 13,698 aggregated trades, giving it an average compression ratio of 96.6%, higher than the monthly average of 94.6%, the statement said.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree