CLS
CLS average daily volume in September mirrored that of the major FX platforms to report data, rising 8.2% from August to $1.785 trillion, while falling year-on-year, in this instance by 3.1%. Spot volume was up both month-on-month (by 11.2%) and year-on-year (5.2%) at $427 billion, while forward activity was $108 billion, a 40.3% rise from […]
CLS and investment manager technology provider SigTech have announced a collaboration to provide CLSMarketData clients with access to SigTech’s back testing environment and analytics platform. Through the collaboration, CLS clients will have the option to use SigTech’s cloud-hosted Python-based research platform to perform tailored analyses of CLSMarketData. It will address, CLS says, increasing demand from […]
Following its latest teleconference meeting, the Global Foreign Exchange Committee (GFXC) has reiterated its focus on settlement risk gaps in the FX market and says it will strengthen its guidance on settlement risk as part of its ongoing review of the FX Global Code. Highlighting recent incidents in the Turkish lira, where borrowing rates of […]
As was the case with the major FX trading platforms to report average daily volume, activity on CLS was also broadly flat in August, but down year-on-year. The settlement utility handled $1.649 trillion per day in August, a fraction down from $1.657 trillion in July, but down 5.8% year-on-year. FX swap volumes were $1.188 billion […]
CLS says that average traded FX volume submitted to the settlement service was $1.78 trillion per day in June, a 20% increase from May and broadly reflecting the gains reported by FX trading platforms earlier this month. Year-on-year activity did decline, however, by 5.5%. Looking at the product segments it was a similar picture, spot […]
CLS and IHS Markit have announced that Goldman Sachs has joined their cross-currency swaps settlement service, bringing the number of settlement members to eight. The service is an extension of CLS’s payment-versus-payment (PvP) settlement service and uses the MarkitServ trade confirmation platform to allow CLS Settlement members to send their cross-currency swaps in for settlement. […]
CLS has named three new members to its board of directors at the CLS Annual General Meeting (AGM) on 11 May 2020. The three are Karen Keenan and John Trundle, who have both been appointed as independent directors, and Naoto Nakamura from MUFG. Keenan is a C-suite executive with over 30 years of experience who recently retired as the chief administrative […]
In conjunction with CLS Group and Japanese bank MUFG, Mosaic Smart Data is launching FXLiquidity, a new analysis service that looks at liquidity levels in foreign exchange markets and aims to provide the FX market FX market with transparency as the market continues to experience high levels of volatility. The data offers graphical views of […]
CLS Group has announced the appointment of Thomas Barkhuff as chief information officer. He will report to Chief Executive Officer Marc Bayle de Jessé and serve as a member of the executive management committee and is responsible for the oversight of CLS’ technology and information security strategy and operations, including ensuring the continued delivery of […]
State Street has announced that it is collaborating with CLS to provide asset managers with a consolidated view of CLS Settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLS Trade Monitor, allowing asset managers to efficiently manage […]
