CLS average settlement values down in July 2011
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings
Foreign Exchange

CLS average settlement values down in July 2011

August 08, 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.

Topics

Foreign Exchange
Gift this article