Tag: CLS Group

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
April 06, 2017 BY Valentina Kirilova

CLS to extend payment netting service to all global currencies

In response to market demand, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, just announced that will expand its proposed bilateral payment netting service – CLSNet – to support more than 140 currencies (coverage will include all currencies associated with jurisdictions not on an official black/grey or sanctions…

Read more
March 13, 2017 BY Valentina Kirilova

CLS February Forex settlement volume up 2.7% MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for February 2017. The average daily volume submitted to CLS was US$1.5 trillion, up 2.7% MoM from US$1.46 trillion in January 2017. CLS also announced that is changing its reporting methodology to align with…

Read more
February 20, 2017 BY Valentina Kirilova

CLS and TriOptima compress US$1 trillion in FX forwards and swaps

CLS Group (CLS), a provider of risk mitigation and operation services for the global foreign exchange (FX) market, and TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, just announced that counterparties have eliminated US$1 trillion in gross notional value from their FX forward and swap portfolios using…

Read more
CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
February 15, 2017 BY Valentina Kirilova

CLS appoints Gaynor Wood as General Counsel

CLS Group, a provider of risk mitigation and operational services for the global FX market, just announced that has appointed Gaynor Wood to the role of General Counsel. Wood succeeds Alan Marquard, who has led both CLS’s Legal division and the Corporate Strategy and Development (CSD) division. She reports to David Puth, CEO of CLS…

Read more
CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
January 25, 2017 BY Valentina Kirilova

CLS adds two affiliate FX settlement categories

CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has introduced two new models for settlement membership – affiliated settlement membership and non-shareholder settlement membership – in addition to the existing shareholder and central bank settlement membership categories. The affiliated settlement membership category allows institutions to have…

Read more
china yuan
January 23, 2017 BY LeapRate Staff

CLS expands FX settlement presence in China with NIFD think tank agreement

FX settlement services provider CLS Group has announced the signed a memorandum of understanding (MOU) with Chinese think tank National Institution for Financial Development (NIFD), expanding its presence in the country. The MOU defines close co-operation between the two institutions on research and broadening awareness relating to FX, payments and settlement to support the healthy development…

Read more
January 18, 2017 BY Valentina Kirilova

CLS Forex settlement volumes down to $4.47 trillion in December

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for December 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 934,900 down 19.9% from 1,167,833 in November 2016. The average daily input value submitted to CLS…

Read more
CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
November 16, 2016 BY Valentina Kirilova

CLS Group reports a 2.1% drop in October's ADV MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its monthly volumes and values for October 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value…

Read more
September 27, 2016 BY Valentina Kirilova

CLS introduces payment netting service for FX

CLS Group, a provider of risk management and operational services for the global foreign exchange (FX) market, has announced its intent to release a payment netting service, CLS Netting, for buy-side and sell-side institutions’ FX trades that are settled outside the CLS settlement service. David Puth, CEO of CLS, commented: Working with our settlement members…

Read more