CLS has best ever month settling Forex trades in June
CLS has best ever month settling Forex trades in June explained by professional Forex trading experts the “CLS has best ever month settling Forex trades in June” FX trading team.
CLS has best ever month settling Forex trades in June?
At $5.58 trillion per day in June, CLS volumes were up 15% over May.
CLS, which operates the largest multicurrency cash settlement system, announced that in June it cleared $5.58 billion per day of matched forex instructions — its best ever month and only the fifth time ever that volumes topped $5 trillion.
CLS’s figures indicate that global forex transactions have well surpassed the $4 trillion per day reported in the latest Bank for International Settlements report of September 2010. Assuming CLS settles roughly 80% of all global FX trades, that would put current global FX trading volumes at closer to $7 billion.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.
CLS has best ever month settling Forex trades in June Conclusion
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