In keeping with LeapRate’s prediction that June this year would be the turning point with regard to trading volumes, FX settlement company CLS Group has released its total input volumes and values for last month which depict a 5.1% increase when compared to May’s figures.
Average daily volume of instructions submitted to CLS Group for June amounted to 1,027,055, compared with 977,460 in May.
The average daily value submitted to CLS Group was US$5.46 trillion up 13.3% from US$4.82 trillion in May.
