CLS volumes hit record high in February
Pickup in participation from buy side contributes to growth in volumes
Average daily volumes settled through utility CLS hit a record high in February to stand at $1.949 trillion – 8% higher than in January.
“February was a record month for traded volumes at CLS. The steady rise in volatility, coupled with a multi-year effort to bring new business to the CLS platform, is evident through the record amount of activity. ADV submitted to CLS was $1.949 trillion, up 30% year-on-year, while the number of transactions was up 18% during that time,” says David Puth, chief
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