GFXC Urges Early Preparation for European T+1 Switch
December 21, 2025
In a new paper published by its Settlement Working Group, the Global Foreign Exchange Committee highlights the need for FX… Read More »
In a new paper published by its Settlement Working Group, the Global Foreign Exchange Committee highlights the need for FX… Read More »
Standard Chartered has gone live on CLSNet, CLS’ automated bilateral payment netting calculation service for over 120 currencies, alongside several… Read More »
Stables, stability and risks – where next? At least one of Australia’s major super funds will start using stablecoins in… Read More »
Deutsche Börse has signed an agreement with Société Générale’s SG-Forge to accelerate the integration of token-based cash solutions with traditional… Read More »
Average daily traded FX volumes at CLS drifted lower in October, in spite of a small uptick in spot activity… Read More »
Following what the organisations term a “landmark trial”, Citi and Swift say they have proven the feasibility of settling payments… Read More »
In a joint announcement, the Bank of England, Bank of Thailand and Monetary Authority of Singapore say they are collaborating… Read More »
The first thing to make clear about this award is yes, we know this is, per se, a relaunch of… Read More »
Distributed Ledger Technology-based payment systems provider Fnality has closed a $136 million Series C funding round, led by Wisdom Tree,… Read More »
Average daily traded FX volumes at CLS rose slightly in August, thanks to an increase in non-spot activity. Overall traded… Read More »
While technology seeks to speed up settlement and payments, the major incumbent in the FX settlement space, CLS, continues to… Read More »
A few weeks off does wonders for the mind, helps you focus and, often, come back to work with a… Read More »
CLS has unveiled a redesigned CLS Cleared FX service, which was first launched in 2018 – as was the case… Read More »
Settlement provider CLS outperformed most of the platforms to report FX volume results in June, hitting its third highest average… Read More »
After 16 years’ operating as a third-party participant on CLS, ABN Amro has rejoined the FX settlement service as a… Read More »
While FX desks will probably find a switch to T+1 in the UK and European Union helpful, given it provide… Read More »
After what the firms describe as a successful proof-of-concept, DLT-based payments system Fnality has joined the FX payment-versus-payment (PvP) settlement… Read More »
A new hat has been thrown into the increasingly crowded cross-border payment and faster settlement market, with a firm called… Read More »
Following record turnover data from several trading platforms, FX settlement service provider CLS has hit another new peak for traded… Read More »
CLS is the latest source to report record FX data for March – something which is unlikely to last very… Read More »
Spanish stock market operator Bolsa y Mercados Españoles (BME) has launched a new system to settle FX Transactions in a… Read More »
CME Group and Google Cloud have unveiled an extension to their existing partnership with the announcement that they are piloting… Read More »
If POTUS says it’s good, who are we to argue? At a recent networking event held by a digital asset… Read More »
Central counterparties will play a valuable role in linking centralised and decentralised markets as well as the embedding of distributed… Read More »
CLS has confirmed the busy start to 2025 for the FX market by reporting its third average daily traded volume… Read More »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, the European Commission (EC) and the… Read More »
Digital asset custodian Komainu, which is jointly owned by Nomura, Ledger and CoinShares, has announced new $75 million in funding… Read More »
NYK Line, a shipping and logistics company in Japan, has gained access to CLS Settlement as a third-party participant. The… Read More »
With only a couple of weeks to go until the end of 2024 it feels like an opportune time for… Read More »
The European Securities and Markets Authority (ESMA) has targeted October 2027 for moving the European Union’s securities markets to T+1… Read More »
Two weeks ago I wrote about the feedback initiative from the GFXC, part of which covered FX settlement, within which… Read More »
JP Morgan has announced a rebrand of its blockchain-based platform Onyx as the offering moves to its next chapter –… Read More »
Citi and Fidelity International say they have completed a proof of concept of an on-chain money market fund with a… Read More »
Foreign exchange is emerging as a key testing ground for tokenisation with use cases being tested across six major currencies,… Read More »
Largely driven by a surge in non-spot activity, settlement services provider CLS has reported a new record for settlement volumes… Read More »
In its latest update on FX volumes post the switch to T+1 in North American securities market at the end… Read More »
The technical group of the UK’s Accelerated Settlement Taskforce (AST) has published draft recommendations for a potential UK move to… Read More »
CLS settled its second-highest volume of spot FX trades in August, as part of what was the third busiest month… Read More »
As was the case with those FX platforms to report volume data, CLS also saw a decline in settlement volumes… Read More »
Definity Markets is set to add digital assets matching and settlement to its spot FX platform after receiving the go-ahead… Read More »
Following a string of strong reports from FX trading platforms, CLS has also set a new high for daily settlement… Read More »
The subject of wholesale central bank digital currencies has gained new momentum this year and like so much in the… Read More »
The Financial Markets Standards Board (FMSB) has published a transparency draft on a new standard for the sharing of standard… Read More »
Flow Traders’ digital asset market making unit has connected to crypto custodian Copper’s ClearLoop settlement network, also connecting the LP… Read More »
Digital assets technology provider Finery Markets, has partnered with custodian BitGo to launch a solution providing regulated, qualified custody and… Read More »
As forecasted by the earlier reporting from trading platforms, the volume of FX settlements handled by CLS fell in May… Read More »
Following on from the findings of Project Meridien, which used real-estate transfers as its basis, the London and Eurosystem BIS… Read More »
The Bank for International Settlements (BIS) has announced the launch of Project Rialto, that will explore how instant cross-border payments… Read More »
The second in our Vox Pop interviews from The Full FX Scandinavia conference in Copenhagen recently, sees Colin Lambert sit… Read More »
Crypto prime brokerage firm FalconX has unveiled an FX desk to help improve what it terms “complex, slow and costly”… Read More »
