Currency Comeback Seen in Record $5.9 Trillion a Day at CLS
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CLS Group Holdings AG, operator of the world’s largest currency-trading settlement system, handled a record $5.94 trillion a day in September as volumes recovered from a slump in price swings that crimped activity.
The average value of transactions settled by CLS each day rose 21 percent from August, it said in a statement. The New York-based company settled more than 2 million payments on Sept. 17, the most since its creation 12 years ago.