CLS, the market infrastructure group delivering settlement, processing and data solutions, has just announced that Chief Executive Officer David Puth has decided to step down after leading the company since 2012. Chairman Kenneth Harvey will act as interim CEO until a successor is named. Puth will remain with CLS through 30 November to ensure a…
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Those who follow the comings and goings in the currency trading world will no doubt be noticing the multitude of comments and commentary surrounding the just-released FX Global Code of Conduct. Well, here is a synopsis of some of those comments, from some leading FX sector executives: David Puth, CEO of CLS and Chairman of the…
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CLS Group (CLS), a leading provider of risk mitigation and operational services for the global Forex market, today announced the completion of its project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel. CLS worked with each of its settlement members, as well as SWIFT, to build and integrate…
Read moreFX settlement services provider CLS Group (CLS) and data platform for economic and financial data Quandl have made standardized and aggregated FX trade reports available via subscription. This new offering allows CLS to distribute its unique set of executed trade data to the broader market in a standardized and easy-to-use manner via Quandl. Data will…
Read moreFX settlement system CLS Group (CLS) has announced that Wells Fargo & Co (NYSE:WFC) has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients. Wells Fargo will benefit…
Read moreThe Market Participants Group's main aim is to support the Bank for International Settlements (BIS) Foreign Exchange Working Group (FXWG).
Read moreDavid Puth, CEO of FX settlement company CLS said overall global trading volumes after the Swiss National Bank's move last Thursday reached $9.2 trillion, almost doubling the average turnover of around $5.3 trillion.
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