Tag: Forex settlement

August 07, 2014 BY Mike Fox

CLS July avg daily volume down 9.8%; average daily value down 13.7%

CLS, which operates the largest multi-currency cash settlement system to mitigate settlement risk for the FX transactions of its members and their customers saw a fall back in volume activity for July. Alexander Filshie, Chief Financial Officer, CLS: ”The average daily volume submitted to CLS in July 2014, combining the settlement and aggregation services, was…

Read more