Tag: FX Settlement

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
September 19, 2017 BY LeapRate Staff

CLS launches new FX settlement and trade monitoring and reporting tools

CLS Group, which provides risk mitigation and operational services for the global foreign exchange market, today announced its intent to launch a broader portfolio of products and services focusing on three business lines – settlement, processing, and data. These new products form part of a strategic shift for CLS, and build on its unique position…

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FX settlement
July 03, 2017 BY LeapRate Staff

NEX Optimisation launches OTC FX automated Settlement Netting Service

NEX Group PLC (LON:NXG) has announced that its NEX Optimisation unit, which helps clients reduce complexity and optimise resources across the transaction lifecycle, has launched the FX industry’s first fully automated Settlement Netting Service to streamline the bilateral settlement netting process for market participants. The Settlement Netting Service will automate settlement netting of over-the-counter foreign…

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May 01, 2017 BY LeapRate Staff

Trump's first 100 days and the FX market

Multicurrency cash settlement system operator CLS has a unique overarching view of the Forex market, and has put out an interesting review of US President Donald Trump's first 100 days in office (a milestone which passed quietly this weekend) and the effect the new administration has had on the currency markets. The report covers the…

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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…

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May 24, 2016 BY LeapRate Staff

CLS extends technology partnership with IBM by ten years

FX settlement services provider CLS Group has announced that it has renewed and extended its technology partnership with International Business Machines Corp. (NYSE:IBM) for ten more years. CLS and IBM have been partners since the inception of the settlement service in 2002 and have worked together over the last 14 years to continuously reduce settlement risk…

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November 22, 2014 BY LeapRate Staff

CLS settled FX volumes down 11% in October to $5.29 trillion ADV

After surging to record volumes in September, things cooled off a little in October for CLS, the world's largest FX settlement service - and therefore a good proxy for overall activity in the world's currency markets. The average daily input value submitted to CLS in October was $5.29 trillion, down 10.9% from a record $5.94…

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October 14, 2014 BY Mike Fox

CLS trading volumes surge to all-time record high in September

Average daily volumes in the global FX market hit a record high in September, data from FX settlement system CLS showed on Tuesday. The value of all transactions through the CLS system, which is used almost universally by the banking industry to process or settle trades, rose to $5.94 trillion a day last month, around…

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