Tag: CLS Group

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…

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August 18, 2016 BY Valentina Kirilova

CLS announces July volumes, ADV down with 9.7% MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for July 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,050,046 down 9.7% from 1,163,083 in June 2016. The average daily input value submitted to CLS was USD4.69…

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April 27, 2016 BY Mike Fox

CLS daily FX trading volume tails off to $4.69 trillion ADV

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for March 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,035,678 down 15.2% MoM from 1,220,828 in February 2016. Showing even further consolidation, the reading for March 2016 was…

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February 03, 2015 BY Mike Fox

CLS names Trevor Suarez as CFO

CLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced that Trevor Suarez has been appointed Chief Financial Officer, based in London. He joins the Executive Management Committee and reports to David Puth, Chief Executive Officer of CLS and will be a key…

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July 30, 2014 BY Mike Fox

Tom Zschach to join CLS as Chief Information Officer

CLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced Tom Zschach is to join the company from September 1st as Chief Information Officer, based in London. Tom assumes responsibility for CLS’s technology function whilst leading and further developing the company’s technology vision.…

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