CLS has reported an increase in the average daily volume (ADV) submitted to its settlement and aggregation services for January, with instructions submitted increasing 22.4% from 988,674 in December to reach 1,210,588.
The average daily value submitted to CLS was US$5.29 trillion, up 8.6% from US$4.87 trillion in December.
But ADV remains down when compared to January 2013, when a total of 1,244,505 was recorded for the month. The month-on-month increase also follows a slow December, when volumes fell 10%.
It should be noted that in January 2013 CLS recalculated its monthly data, resulting in non-material changes to volume figures by an average of 0.5%. The data above reflects this calculation. CLS also reports both sides of an FX transaction.