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Exchanges
CLS Group Cannot Reverse Monthly Decline in Volumes During December
2016-01-11T19:29:04.000+02:00
During December 2015, the average daily input volume came in at 961,698, down less than -1.0% MoM from November 2015.
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Exchanges
CLS Group Reports October 2015 Settlement as Volumes Tick Lower
2015-11-30T14:16:17.000+02:00
For the month ending October 2015, the average daily input volume submitted to CLS came in at just 1,056,574, down a slight -2.3% MoM.
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Execution
Hungarian Forint Settlement Service Launched by CLS
2015-11-16T15:24:51.000+02:00
Hungary’s central bank has sought to enhance financial stability in the Hungarian market by making the HUF eligible for settlement.
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Execution
South African Bank FirstRand Becomes CLS Member
2015-11-11T18:20:47.000+02:00
FirstRand is now the 64th settlement member of CLS.
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Exchanges
CLS Group Reports September 2015 Settlement Data, Volumes Plunge
2015-10-27T14:46:56.000+02:00
CLS Group reported its September 2015 average daily input volume at just 1,081,045, down -7.6% MoM from 1,170,313 in August 2015.
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Execution
CLS and TriOptima Jointly Unveil FX Compression Service, triReduce
2015-10-27T14:31:34.000+02:00
The triReduce service has been launched amidst a period of regulatory changes currently enveloping the market.
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Executive Moves
CLS Secures Joe Ziccarelli as Head of Relationship Management – Americas
2015-09-02T13:19:11.000+02:00
In his new role at CLS, Mr. Ziccarelli will be based out of CLS’ New York office where he will report directly to John Hagon.
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LCH.Clearnet Partners with CLS to Offer Settlement for Cleared FX
2015-08-03T13:04:52.000+02:00
The new service enables clearing of the $275 billion a day FX options market, with other physically settled FX products to follow.
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Interviews
CLS' CEO David Puth Reveals Group's Role in FX and Future Developments
2015-06-10T10:01:00.000+02:00
"The FX market has undergone an evolution over the last few years - key emerging market currencies have become more predominant"
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Executive Moves
CLS Adds Four New Members to its Board of Directors
2015-05-21T16:23:55.000+02:00
On the heels of a recent Annual General Meeting, CLS' shareholders have elected four new members to its Board of Directors.
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Execution
CLS Group Profits Spike by a Third on 6% Revenue Growth
2015-04-22T12:11:22.000+02:00
The annual figures published by the CLS Group reveal that profitability of the company has increased much faster than revenues
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Technology
After SNB Boost, CLS Daily FX Volumes Went Back Down 16.5% in February
2015-03-23T17:00:14.000+02:00
Last month, CLS revealed it experienced a 16% jump in volumes on the back of the SNB crisis. The new data shows that the FX market returned to normality in February without the extreme market volatility seen in January.
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Technology
CLS Joins TriOptima to Deliver New FX Forward Compression Service
2015-01-20T17:47:55.000+02:00
FX forward transactions currently account for 13% of overall trading in the global FX market, according to the Bank for International Settlements–with trading volumes rising by 43% between 2010 and 2013.
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CLS Settlement Average Daily Volumes down 2% in November
2014-12-19T15:29:05.000+02:00
Ongoing volatility has underpinned the foreign exchange market volumes trend with CLS reporting a minor decline in November as year-on-year growth figures remain on track with $5.17 trillion transacted daily.
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Executive Moves
CLS Group Names Gilbert Lichter to Board of Directors
2014-12-15T15:41:48.000+02:00
CLS Group has elected Gilbert Lichter as its newest Outside Director on the CLS Group Holdings Board of Directors, whose appointment will be effective 1 January 2015.
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Execution
Foreign Exchange Trading Volumes Reported by CLS, Tick up October Albeit Declining ADV
2014-11-24T18:21:47.000+02:00
As volatility remained solid throughout the month of November, interest in forex trading remained abundant, with the guardian of worldwide foreign exchange clearing and settlement, CLS, reporting a monthly uptick.
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Technology
Currenex Dwells into Emerging Market FX - Adds Non-CLS Currency Pairs
2014-10-22T23:52:20.000+02:00
Leading multi-dealer trading portal, Currenex, has enhanced its asset coverage by including seven new currency pairs. The institutional FX provider will offer a range of Asian and Eastern European crosses.
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Analysis
The Average Daily Volume Submitted to CLS Rebounded 11.9% in August
2014-09-08T16:33:51.000+02:00
The CLS Group is confirming the broad based recovery in trading volumes during in August of 2014, leading to what the industry says has certainly been the most active trading week in the forex markets this year.
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Technology
CLS Group Reports July Figures, FX ADV Withers -9.8% MoM
2014-08-07T17:58:17.000+02:00
CLS Group’s settlement and aggregation service has reported its FX trading volumes for the month of July 2014, underscored by a sizeable decline of -9.8% in monthly volumes, coming in at 926,174 in July 2014.
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Executive Moves
CLS Group Taps Tom Zschach as Its Newest Chief Information Officer
2014-07-30T16:40:01.000+02:00
CLS Group, a multi-currency cash settlement system for the global forex market, has selected Tom Zschach as its newest Chief Information Officer, who is slated to join the group September 1st in London.
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Technology
CLS Daily Volumes Continue to Drop for Another Month, May 2014 Figures Released
2014-06-16T13:46:54.000+02:00
After double digit drops in volumes last month the CLS figures seem to stabilize this month with only minor decreases compared month over month but the ADV is still down 26.5% from the volumes of May 2013.
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Technology
CLS Member Daily Values Drop 10.5% in April to $4.79 Trillion down $560 billion from March
2014-05-19T16:19:24.000+02:00
For April average daily FX volumes were also down, coming in at 983,850 instructions - from the settlement and aggregation service, and lower by 14.9% from 1,555,507 instructions submitted by CLS members in March.
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Technology
CLS 2013 Annual Report: Revenue up 9% to £179M YoY, ADV $5 Trillion from 63 Members
2014-05-14T21:08:05.000+02:00
CLS 2013 Average Daily FX Volume of $5 Trillion, and 800K average daily instructions indicates average instruction value of $6.25 Million, from among 63 settlement members. Revenue up by £13.6M from £159.3M in 2012.
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Analysis
CLS March Member FX Volumes Up Steadily To $5.35 Trillion, a 3.9% Surge
2014-04-10T11:22:36.000+02:00
CLS Group which operates one of the largest multicurrency cash settlement systems that aggregate FX transactions has reported that member volume metrics have concluded the gradual path higher during Q1.
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Analysis
CLS February FX Volumes from Members down 2.7% from $5.29 Trillion in January
2014-03-12T17:53:25.000+02:00
The settlement-risk mitigation services provider for Foreign Exchange transactions by its members has reported February FX trading values of $5.15 trillion, down 2.7% from $5.29 trillion the month before.
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