CLS Bank International last week announced a record set in the value of payment instructions settled in one day. It recorded 344,016 payment instructions with a gross value of US$4 trillion, marking the first time that value has exceeded this mark in a single day.
CLS Bank now settles on average over 200,000 payment instructions a day derived from FX deals submitted by its members and their third party clients.
Rob Close, deputy chief executive officer of CLS Group, comments: “These latest milestones come soon after CLS has celebrated three years of live service and follows on from the record volume day of 478,592 on 6 September. With over 600 banks, brokers, funds and corporates now settling through CLS bank, CLS Settlement is now widely acknowledged as the market standard.”