The CLS settlement service has seen May FX volumes drop a tad. The average daily volume submitted to CLS, combining the settlement and aggregation services, was 977,460 down 0.7% from 983,850 in April. Further, average daily value dropped roughly 0.6% from April with the average daily value of matched trading instructions submitted during last month coming out at $4.82 trillion which is also down around 1.02% from 2013’s May month data which totaled $4.87 trillion.
CLS Table May 2014