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Trading Volume Up




Eight weeks ago, CLS Bank International launched a test program for its Continuous Linked Settlement service. CLS allowed 39 banks to trade foreign currencies in near real-time. So far, they've traded more than $5 trillion in foreign currencies and handled $300 billion in transactions daily. Last week, CLS Bank began letting member banks sell access to the automated exchange to their customers, which CLS Bank anticipates will even further increase its volume.



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