Tag: CLS

CLS
November 26, 2021 BY Steffy Bogdanova

CLS October ADV up 9% YoY

CLS offers forex products divided into forward, swap and spot. The ADV of FX forwards went slightly down in October. It stood a $102 billion last month, slightly lower that the $114, seen in September 2021 and the $ 117 CLS registered in October 2020. FX swaps ADV reached $1.319 trillion last month, 10% up…

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HSBC
July 29, 2021 BY Steffy Bogdanova

HSBC joins as a member of the cross-currency swaps service of CLS and IHS Markit

The cross-currency swaps service is an extension of CLS’s PvP settlement service. It also uses the MarkitSERV trade confirmation platform to enable members of CLSSettlement to send their cross-currency swaps for settlement. The cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, which results in a meaningful reduction in daily funding…

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CLS
May 20, 2021 BY Steffy Bogdanova

CLS appoints Gottfried Leibbrandt and Shuta Okawara to its board of directors

Currently, Shuta Okawara works as Managing Director and Head of the Transactions Services Division of MUFG Bank. His career has been mainly focused on extensively around custody and clearing. Okawara has been engaged with most settlement systems reform initiatives that have led to mitigating settlement risks and standardizing securities and currencies settlement processes as we…

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CLS
April 19, 2021 BY Steffy Bogdanova

CLS reports an increase in March trading volumes

The forward and spot FX market saw 2% increase in volumes, reaching $0.117 trillion and $0.483, respectively. The numbers in these sections of the market remained lower compared to the ones reported during the same period in 2020. CLS’s Global Head of Product, Keith Tippell, commented: In the first quarter of 2021, we witnessed record…

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CLS
February 16, 2021 BY Steffy Bogdanova

Strong FX volumes for CLS Group amid recession fears

In January 2021, the average daily traded volume submitted to CLS was $1.92 trillion, rising 9% month-over-month from $1.76 trillion in December 2020. Worked out across a yearly timetable, the figure can be seen to be up 8.5% relative to January 2020’s figure of $1.77 trillion. According to CLS’s Head of Information Services, Masami Johnstone,…

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December 15, 2020 BY Steffy Bogdanova

ANZ is the first APAC bank to settle all 18 currencies on CLS

Margaret Law, Head of Client Management, APAC at CLS, commented: With the growth of FX trading particularly in Asian currencies, settlement risk has become an increasing concern for banks in the region, and it is essential that they consider executing appropriate FX settlement risk mitigation measures. We anticipate that other banks in Asia Pacific will…

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CLS Group trading volumes
December 14, 2020 BY Steffy Bogdanova

CLS reports 4% MoM rise in November average daily traded volume

CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in November were USD1.79 trillion, up 4.7% compared to October 2020. Both FX spot and FX swap volumes increased compared to the previous month by 15.7% and 3.1%, respectively, while FX forward volumes decreased by 15.5%. Compared to November 2019, FX spot and swap…

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