CLS Volumes Lower in February
Volumes handled by FX settlement service CLS dropped in February, with activity in all three product sets falling from January,… Read More »
Volumes handled by FX settlement service CLS dropped in February, with activity in all three product sets falling from January,… Read More »
One of the FX themes of the transition to T+1 settlement in North American securities markets has been the attitude… Read More »
With The Full FX View A new policy paper from the European Fund and Asset Management Association (EFAMA) calls for… Read More »
The approaching T+1 switchover is grabbing most of the attention in the FX industry – rightly so, it is the… Read More »
It was a strong start to the year for CLS, which has reported its second highest average daily volume across… Read More »
It is likely to be one of the biggest events of the year in the FX industry, and as Marc… Read More »
CLS is maintaining momentum in Japan with the addition of a third manufacturing company, DIC Corporation, joining CLS Settlement as… Read More »
As was the case with the FX platforms that previously reported volume data, CLS has closed out 2023 with historically-strong… Read More »
CLS says it handled $2.051 trillion per day in November, a 2.5% increase from November and up 8.4% year-on-year –… Read More »
By Lisa Danino-Lewis, Chief Growth Officer, CLS As we approach 2024 amid uncertain market conditions and an ever-changing geopolitical and… Read More »
CLS says that Tokio Marine & Nichido Life Insurance and Nisshin Fire & Marine Insurance, two of Tokio Marine Holdings… Read More »
Today, (28 November) marks the six-month threshold for the headline act of the past six months in markets, the US… Read More »
The final group of FX volume data released confirms the mixed nature of October in terms of volume traded, although… Read More »
CLS has become a more prominent part of the discussion surrounding next year’s impending change to T+1 settlement in North… Read More »
Ahead of the US securities’ markets shift to T+1 settlement at the end of May 2024, CLS has completed a… Read More »
CLS has reported its fifth highest average daily volume and the third highest this year, with the settlement service handling… Read More »
CLS has welcomed the latest progress report from the Financial Stability Board (FSB) on the G20 plan to enhance cross-border… Read More »
Redundancy of technology has been a big part of the FX industry’s thinking for decades now – why was EBS… Read More »
For dealers of a certain generation the words “five-eighths a half, might pay nine-sixteenths for a Japanese name” evoke the… Read More »
Swift says it has entered a new phase of its work on Central Bank Digital Currency (CBDC) interoperability, announcing that… Read More »
CLS says that it has added three of its settlement members to its cross-currency swaps (CCS) settlement service, naming two… Read More »
As has been the case thus far with the July FX volume reports, the data from CLS is mixed, with… Read More »
The reporting cycle for June’s FX volumes has been completed with LSEG FX following the trend in spot activity from… Read More »
As was the case with those platforms to reports volume data, CLS volumes offer a mixed picture in May, with… Read More »
CLS has named six new directors to its board of directors, following its annual general meeting. The new appointees are… Read More »
Bangkok Bank’s Hong Kong branch has become the first Thai bank to access CLS Settlement as a third-party participant, via… Read More »
CLS Group has completed the reporting schedule of FX volumes for April with the utility largely in line with FX… Read More »
CLS has closed out the latest monthly reporting cycle with activity broadly reflecting that seen by the platforms who released… Read More »
Following a mixed set of results from those FX platforms to report data, the CLS FX volume report for February… Read More »
If anyone was wondering why there is so much emphasis on payment-versus-payment in FX markets amongst regulators, they need only… Read More »
The latest FX data from the world’s FX committee’s offers mixed news for those platforms to publish trading volumes, with… Read More »
CLS says its settlement service handled FX trades worth $1.913 trillion in January, a 1.9% increase on January 2022. The… Read More »
The December 2022 FX volume reporting “season” has been rounded out with CLS, Refinitiv and 360T reporting data, highlighting different… Read More »
A new report finds that multilateral platforms – cross-border payment systems that are designed to operate in multiple jurisdictions, could… Read More »
Along with the platforms that have previously reported FX turnover data, CLS has also seen a small dip in activity… Read More »
The latest Bank for International Settlements (BIS) Quarterly Report delves into the details around the recent Triennial Survey of FX… Read More »
One of the more important infrastructures in the FX industry has turned 20 – Colin Lambert takes a look at… Read More »
MUFG Bank has become the first Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for… Read More »
As has been the case with the usual FX platforms (all but Refinitiv) to report FX volume data for October,… Read More »
If those spot FX platforms to publish monthly volume data were looking to benchmark themselves against the Bank for International… Read More »
After the major platforms reported strong volume data for September, CLS has reinforced the mood with the third highest spot… Read More »
As was the case with those platforms to report data, CLS saw a month-on-month decline in FX activity, but was… Read More »
CLS says August saw its CLSNet service break the $100 billion notional per day threshold. The utility says the record is… Read More »
CLS has unveiled Chong Hing Bank as the second Chinese bank to access CLS Settlement as a third-party participant via… Read More »
Ahead of the release of the eagerly-awaited Bank for International Settlements’ Triennial Survey of FX Turnover, The Full FX is… Read More »
CLS says that it handled notional daily value of $1.879 trillion in July, down 5.1% from June, but up 7.7%… Read More »
The Royal Bank of Canada has gone live on CLS’s same-day FX settlement service CLSNow, which allows CLS’s settlement members… Read More »
There are a lot of initiatives underway in the FX payments and settlement space, but the sense is that the… Read More »
Just under a year after it called for ideas on the issue, the Committee on Payments and Market Infrastructure (CPMI)… Read More »
CLS says the settled values of cross currency swaps submitted to the mechanism rose 27% in Q2 2022 compared to… Read More »