CLS Bank today announced that it has successfully settled a new record volume of 1,758,902 sides in one day. This record is above the previous record of 1,733,262 settled on 16 February 2010. The total value settled was US$5.688 trillion.
Rob Close, CEO of CLS Group and President and CEO of CLS Bank International, said "This record follows a significant surge in trading volumes since the beginning of May as a result of market volatility, and the UK and US public holidays yesterday. In May CLS Bank settled an average of 1,056,558 instructions per day, with an average daily value of US$4.229 trillion."