CLS year-on-year volumes up in July
Average daily spot volumes and values in July were up 28% and 14% respectively, to 671 trillion instructions and $1.2 trillion, compared with July 2009. Average daily swap volumes and values were also up, by 26% and 27% respectively, to 26 trillion instructions and $2 billion notional. Outright forwards volumes were up 37% to 24 billion instructions in July but values saw a slight decrease to $256 billion, compared with the same period last year.
Overall, average daily values settled in July
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