SNB pushes CLS volumes to record high and platforms benefit

Major FX platforms report uptick post-SNB

David Puth at CLS
David Puth, CLS

Foreign exchange settlement infrastructure provider CLS had a record day on January 20, with volumes hitting $9.2 trillion, distributed across 2.26 million transactions, just five days after the Swiss National Bank (SNB) caused a 30% move in EUR/CHF.

CLS was unable to say whether the number of instructions or settled volumes was affected by some large banks repricing EUR/CHF trades retroactively in the wake of the SNB move on January 15.

"Currency trading activity increased markedly during the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: