CLS data shows rising usage
CLS NEWS
The number of banks, brokers and funds using CLS reached 664. As would be expected, the figures show that the number of trades settled through the system tends to go up when there is greater fluctuation in the spot price. For example, the week commencing 27 June saw a 3.6% move in the price of cable, the highest single move over the six-month time period. The same week also saw peaks of $51 billion worth of the pair via 9,730 transactions. A lower move of 2.1% for the last week in October saw $32 billion traded in 8,040 transactions.
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