CLS Bank settled about $2.2 trillion worth of daily average foreign exchange flows in February, The Wall Street Journal reports. In January, the New York-based currency settlement network handled a daily average of around $2.21 trillion. Last month, average daily flows in the overall market amounted to around $2.94 trillion. C LS is estimated to settle nearly 75% of global currency flows.
Click here for the story from The Wall Street Journal.