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Institutional FX

Unlike Other US Venues, CLS Forex Trading Volumes Increase in January

FX forward volumes saw an uptick of 48%, while FX spot volumes rose 7%.
The CLS report does not align with the volumes of other US FX venues, including Cboe FX.

Monday, 19/02/2024 | 13:04 GMT by Damian Chmiel

Institutional FX

CLSNet Enlists BNY Mellon, ING to Enhance FX Transaction Handling

Big banks join the service for efficient currency transaction processing.
CLSNet's growth and adoption enhance FX market risk management.

Thursday, 18/01/2024 | 09:42 GMT by Damian Chmiel

Institutional FX

CLS Navigates Regulatory Changes: A Potential Delay in FX Trade Settlements

A resolution on the possible delay is anticipated by the first quarter of 2024.
Without adjustments, CLS anticipates $65 billion daily from asset managers missing the deadline.

Tuesday, 05/12/2023 | 10:37 GMT by Tareq Sikder

Retail FX

News Nuggets | 31 May: Options' Paris Office; BidX's New Liquidity Manager

Also, Chainalysis acquired Transpose; and Aron Groups' copy trading service.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

Wednesday, 31/05/2023 | 09:09 GMT by Finance Magnates Staff

Institutional FX

CLS’ FX ADV Rises 12.3% to $1.92T in January after 3-Month Decline

CLS' forex ADV came in at $1.7 trillion in December 2022.
Other institutional forex spot venues rebounded in January from holidays lows.

Friday, 17/02/2023 | 18:16 GMT by Solomon Oladipupo

Institutional FX

CLS FX ADV Drops Third Month in a Row, Rises 3% YoY

The daily average volumes reached $1.892 trillion in November 2022.
However, other major FX trading venues reported a slowdown caused by the holiday season.

Wednesday, 25/01/2023 | 11:30 GMT by Damian Chmiel

Institutional FX

CLS’ FX ADV Drops -2% to $1.9trn in November, Rises 4% YoY

The daily average trading volume came in at $1.92 trillion in October 2022.
FX forwards' ADV rose 12% but FX swap and spot volumes both declined by -3%.

Thursday, 15/12/2022 | 20:24 GMT by Solomon Oladipupo

Institutional FX

CLS’ FX ADTV Drops 5.6% to $1.77 Trillion in August, Rises 6% YoY

CLS recorded ADTV of $1.68 trillion in August 2021.
The settlement provider crossed the $2 trillion mark in March.

Friday, 23/09/2022 | 21:55 GMT by Solomon Oladipupo

Institutional FX

CLS Group Witnesses 4% YoY Jump in FX Volumes during June 2022

The average daily traded volumes came in at $1.98 trillion.
FX forward volumes increased significantly during the mentioned period.

Wednesday, 13/07/2022 | 11:46 GMT by Bilal Jafar

Institutional FX

CLS Group Posts 9% Yearly Jump in October ADV

The ADV for the month came in at $1.86 trillion.

Thursday, 25/11/2021 | 12:01 GMT by Arnab Shome

Institutional FX

HSBC Joins the Cross-Currency Swaps Service of CLS and IHS Markit

The mentioned service is an extension of CLS’s unique PvP settlement service.

Wednesday, 28/07/2021 | 18:15 GMT by Bilal Jafar

Institutional FX

FX Demand on CLS Soars by 21% YoY in May

Overall average trading demand for the month came in at $1.798 trillion.

Tuesday, 22/06/2021 | 08:55 GMT by Arnab Shome

Institutional FX

Russia’s Alfa-Bank and UAE’s First Abu Dhabi Bank Join CLSNet

Both the banks have joined a long list of other leading global banks as CLSNet users.

Wednesday, 13/01/2021 | 13:21 GMT by Arnab Shome

Institutional FX

Finastra Integrates CLSNet for Netting Calculations

FX participants can net payments on CLSNet before settlement with corresponding banks.

Monday, 30/11/2020 | 13:28 GMT by Arnab Shome

Execution

CLS July Volumes Follow Industry Trend, Drop 7% MoM

The total average daily traded volume submitted to CLS in the month of July was $1.657 trillion.

Tuesday, 18/08/2020 | 09:31 GMT by Celeste Skinner

Technology

Goldman Sachs Joins CLS, IHS Markit’s Cross-Currency Swaps Service

Eight major banks are now using the service.

Thursday, 11/06/2020 | 12:22 GMT by Arnab Shome

Institutional FX

State Street and CLS Team Up for FX Settlement

The collaboration allows asset managers to efficiently manage their trades eligible for CLSSettlement

Thursday, 30/04/2020 | 16:11 GMT by Finance Magnates Staff

Executive Moves

CLS Hires Keith Tippell as Head of Product

He was Head of Securities and FX Markets at SWIFT earlier in his career

Monday, 27/04/2020 | 09:17 GMT by Finance Magnates Staff

Execution

CLS Closes 2019 with Mixed FX Volumes in December

Swap FX volumes fell on a monthly comparison but were still higher year-on-year.

Monday, 20/01/2020 | 13:14 GMT by Celeste Skinner

Execution

CLS Defies Market Trend, Reports Solid FX Trading in September

FX Swaps trading, in particular, led the solid performance during the month.

Tuesday, 15/10/2019 | 11:15 GMT by Celeste Skinner

Execution

CLS Reports $12.4 Million Loss in H1 of 2019, Revenues Rise

On an underlying basis, profit for the period was $1.6 million.

Monday, 07/10/2019 | 14:10 GMT by Celeste Skinner

Execution

After Solid Growth in June, CLS Sees Slump in July FX Trading

The clearinghouse reported an ADV of $1.75 trillion for the month.

Thursday, 08/08/2019 | 10:45 GMT by Celeste Skinner

Execution

CLS Adds First Chinese Third-Party Bank to CLSSettlement

The addition of CNCBI follows a larger trend of increased awareness of FX settlement risks.

Tuesday, 06/08/2019 | 08:07 GMT by Celeste Skinner

Exchanges

CLS Sees Solid Growth in June FX Volumes

The clearing house saw overall volumes grow by 16 percent compared to May

Tuesday, 09/07/2019 | 09:26 GMT by David Kimberley

Executive Moves

CLS Group Names Marc Bayle as Chief Executive Officer

Bayle will be leaving his position at the European Central Bank to take on the role.

Wednesday, 29/05/2019 | 10:49 GMT by Celeste Skinner

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