Forex settlement volumes slip 3.6% in November

LONDON, Dec 7 (Reuters) - The average number of daily foreign exchange payment instructions fell in November, data from FX settlement system CLS Bank showed on Monday.

The average daily volume of payment instructions was 648,217 with an average value of $3.66 trillion last month. Volumes were down 3.6 percent from October, it said.

Average foreign exchange volumes peaked at a record 727,934 last October in the wake of the collapse of Lehman Brothers, but hedge funds and some other Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers in the market have since reined in activity.

The value of the instructions was down 2.7 percent from October, CLS said. Compared with the previous year, they were up 12.6 percent.

More than 6,000 banks, brokers, funds and corporates use the CLS Bank service.

(Reporting by Naomi Tajitsu, editing by Nigel Stephenson)