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Exclusive: Swiss franc move drove FX trade to record high - CLS

Published 21/01/2015, 18:18
© Reuters. A man holds a 100 Swiss Francs bank note in front of an ATM in this illustration picture taken in Bern
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LONDON (Reuters) - Foreign exchange markets saw the largest ever number of deals in a single day after the shock removal of the Swiss National Bank's cap on the Swiss franc last week, the chief executive of settlement company CLS told Reuters on Wednesday.

There were a record 2.26 million transactions last Thursday, generating $9.2 trillion worth of business, almost doubling average turnover, CLS head David Puth said.

© Reuters. A man holds a 100 Swiss Francs bank note in front of an ATM in this illustration picture taken in Bern

That was the second biggest day ever on currency markets by volume of trade, topped only by the $10.67 trillion recorded on December 17, when Russia's rouble was collapsing in value.

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