The average number of daily foreign exchange payment instructions rose 7.1 percent in October from the previous month, data from FX settlement system CLS Bank showed.

The average volume of payment instructions was at 672,665 last month from 627,954 in September.

On the year, volumes were down 7.6 percent after a record 727,934 last October in the wake of the collapse of Lehman Brothers.

The average daily value came in at $3.76 trillion in October, up 5.0 percent from the previous month.

Some 6,400 banks, brokers, funds and corporates worldwide use the CLS Bank service.