Tag: CLS

CLS

In the FICC of It

There is plenty for Colin Lambert and Galen Stops to get their teeth into this week as the BIS released a series of papers studying the data in the Triennial FX Turnover Survey. From working out who the mysterious “others” were in the survey, through some initially confusing execution data, to a signalling of the […]

FX Settlement Risk Has Increased; Exposures Down: BIS

FX settlement risk has increased since 2013 according to the Bank for International Settlements (BIS), both in relative and absolute terms, however the gross market value of outstanding FX and OTC derivatives has fallen, thanks largely to the growth in clearing. An article in the bank’s latest Quarterly Review says that in spite of “significant […]

CLS October Volumes Show Slight Decline

The average daily volume (ADV) of FX trades submitted to CLS in October was $1.79 trillion, down from $1.84 trillion the previous month, but up 4.6% from the $1.71 trillion reported in October 2018. An ADV of $415 billion in spot FX trades were submitted to CLS last month, which actually represents a 2.2% increase […]

CLS Now Offering FX Forward Data

CLS is releasing an FX forward volume data set as part of its suite of executed trade data products. This data focuses on outright forwards and swaps, providing an aggregated view of the forward market and therefore confirming pricing models for forwards and swaps. This is CLS’s first data product for the FX forward market […]

CLS Appoints Hrvatin as CRO

CLS has named Deborah Hrvatin as chief risk officer – she will also join the CLS executive management committee. Hrvatin joins from Citi where she was global head of operational risk management for the bank’s Institutional Clients Group and CLS says as a specialist in risk management and strengthening controls, she is responsible for its […]

CLS Reports FX Volume Increase

CLS says the average daily traded volume submitted to the settlement service was $1.84 trillion in September, a 5.3% month-on-month increase and a 6.5% year-on-year increase. FX swaps remains the largest portion of this amount at $1.34 trillion per day, a 12 % increase on both a monthly and annual basis. Activity in spot products […]

In the FICC of It

New technologies and old issues are on the agenda for this week’s podcast as Colin Lambert and Galen Stops take a look at the likely impact of blockchain on FX swaps. Stops makes the point that this would be a radical step for what is often seen as an archaic segment of the market, but […]

The 20 for 20 Countdown – Part Three

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 10-6. 10. Brexit Putting aside the (ongoing) politics, the night of the Brexit vote showed […]

FX: A Market Constantly Reinventing Itself

 David Puth, now a strategic advisor at R3, makes the case that the FX industry’s ability to constantly evolve makes it unique amongst financial markets. Profit & Loss: As you look back over the past 20 years of FX, what stands out in your mind with regards to the evolution of this market?  David Puth: […]

CLS Volumes Remained Flat in August

The average daily volume (ADV) submitted to CLS was $1.75 trillion in August, flat compared to the previous month. However, this figure represents a 9% year-on-year increase. This flat month-on-month figure is in contrast to the primary venues, which saw an increase in trading activity in August, while Euronext FX, Cboe FX, FXSpotStream and Integral […]