CLS Bank the worlds largest FX settlement network has announced a major drop in settlement figures for April 2012.
In April 2012, the total volumes submitted to CLS, combining the Settlement and Aggregation services, were 945,388, which is down almost 12% from March (1,070,371).
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Settlement volumes and values
In April CLS settled an average daily value of US$4.47 trillion, down 12% from those recorded in March (US$5.07 trillion). Average daily volumes during April were also down at 668,535 (March: 770,109).
CLS Aggregation Service – volumes
The average daily input volume into CLS Aggregation was 289,835 with an average compression ratio of 95%. The volumes submitted were down on March (312,185).
April is seen as a dry month with the Easter Break. EBS saw volumes dive in April.