Tag: CLS


Goldman Sachs Joins CLS, IHS Service

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 Announces Three New Board Members

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 […]

Mosaic Smart Data Launches FX Analysis Service

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 Appoints CIO

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 Unveils CLS Solution

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 […]

Tippell Joins CLS

CLS has appointed Keith Tippell as the its new head of product, replacing Angus Scott, who joined the infrastructure provider in January 2018 in that role. Tippell will be responsible for overseeing CLS’s existing product suite and all new product development in the settlement and processing business lines and joins from Droit Financial Technologies, where […]

In First for Latam, Monex Offers Third-Party CLSSettlement

CLS, a market infrastructure group delivering settlement, processing and data solutions, announces today that Banco Monex has become the first Latin American third-party service provider of CLS’s leading payment-versus-payment (PvP) FX settlement service, CLSSettlement. Banco Monex has been a CLSSettlement member since 2018, when it became the first Mexican bank to participate directly in CLSSettlement. […]

AFME Finds Europe’s Markets Performed Well

The Association for Financial Markets in Europe (AFME) today released a report on the “Initial Impact of COVID-19 on European Capital Markets”, which found that markets “continued to play their role in providing liquidity, price formation, timely clearing and settlement procedures, capital allocation and helping investors manage their portfolios”. Stating that FX spot trading rose […]

CLS Joins the Record Setting

FX settlement utility CLS is the latest market function to unveil record turnover in March following a raft of platforms doing the same earlier this month. CLS says that it handled $2.194 trillion per day across FX products, with increases in all segments. This represents a 21.1% increase from February and a17.8% rise year-on-year. Spot […]

CLS FX Volumes Up in February

The average daily volume submitted to CLS in February was $1.81 trillion, a 2.2% rise from January and 5% up from February 2019. Reflecting events at FX platforms that reported data at the start of the month, the growth was exclusively in spot markets with CLS handling $500 billion, up from $401 billion in January […]