CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of February. February was the largest month ever for trading activity passed through the CLS settlement service. While this is clearly partly due to the market volatility seen at the start of February, there has been a sustained pattern of rising volumes through 2017 and into 2018. This seems to be driven by a significant increase in interest in settlement from the buy-side as institutions and growing awareness of FX risks from the buy-side. The average daily traded ... (full story)