Greek crisis drives record day for CLS
NEW YORK – CLS Bank reached a volume record of 1,733,262 payment instructions settled on February 16, indicating growing adoption of the system during times of stress.
The figure is up on the last peak of 1,544,166 settled on the quarterly International Monetary Market (IMM) data during the week of September 14, 2008, when Lehman Brothers’ collapsed (FX Week, September 22, 2008).
"This record follows both a surge in trading volumes since the start of the month and the US public holiday yesterday
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