CLS volumes dip in March, but it’s a record Q1

The settlement utility records average daily volumes of $1.87 trillion for Q1 2018

Falling down stairs rate change
Just a slip: total FX volumes settled through CLS fell in March to $1.855 trillion

Total foreign exchange volumes settled through CLS decreased in March to $1.855 trillion, slipping 4.8% from the record high set in February.

In February, the settlement utility reported average daily volumes of $1.949 trillion, as a steady rise in volatility and a multi-year effort to bring new business to the platform resulted in an uptick in activity.

Despite the slight downturn, it was still a record first quarter for the firm, recording ADV of $1.87 trillion for Q1 2018, compared with the

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