September year-on-year volume increase at CLS
Average daily volumes and values were up 21% and 18% respectively, to 762,954 instructions and $4.23 trillion, compared with September 2009. Meanwhile, average daily volumes and values also increased 5% and 7% respectively, from August.
CLS attributed the volumes to: increased trading of FX as an asset class; a continued move towards trading on electronic platforms; an increase in retail FX trading and growth in FX prime brokerage.
Earlier this month, CME, Icap-owned EBS Spot and Thomson Reuters
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