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CLS Settles $2.2T Daily Forex In Feb
CLS Bank settled about $2.2 trillion worth of daily average foreign exchange flows in February.
CLS Banksettled about $2.2 trillion worth of daily average foreign exchange flows in February,The Wall Street Journalreports. In January, the New York-based currency settlement network handled a daily average of around $2.21 trillion.
Last month, average daily flows in the overall market amounted to around $2.94 trillion. C LS is estimated to settle nearly 75% of global currency flows.
Click here for the story fromThe Wall Street Journal.