CLS settles a trillion a day

- Nikki Marmery
- 27 Feb 2003

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

CLS Bank president and chief executive Joseph De Feo estimated that this represents about 45% of the total amount of foreign exchange traded globally on that day, which saw higher volumes than normal as back-offices processed held-over instructions from the US holiday the day before.

Capturing such a huge chunk of the global FX market so early in its life has silenced many critics of CLS, which, by its September 9 launch last year after repeated delays, had become an easy target for

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net