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CLS Data Confirms December Dip

Data from CLS reinforces that released earlier this month by
trading platforms by indicating a month-on-month decline but a year-on-year
rise in FX volumes.

The settlement service provider says it handled 934,900
instructions daily in December, down 20% from November and down 2.8% from
December 15.

In terms of value settled, while the month-on-month data
shows an 8.2% decline, year-on-year the value settled at CLS rose by 2.5% to
$4.58 trillion.

The data indicates that average trade sizes rose in
December, to just under $4.9 million from just under $4.65 million in December
2015. In November average trade size settled by CLS also lower, at $4.3

Colin Lambert

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