FX settlement instructions down very slightly compared to January at CLS
FX settlement company CLS held firm during February this year, with its value of trades having remained in excess of $5 trillion, congruent with its performance during the first month of the year.
Whilst total daily volumes among post-trade settlement firms tends to vary to a considerably lesser degree than that of brokerages, combined settlement and aggregation instructions amounted to 1,150,663 during February, representing a decrement from January’s total of 1,210,588
Whilst remaining relatively steadfast, average transaction value reduced by 2.7% to $5.15 trillion compared with $5.29 trillion in January.
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