CLS
CLS launches FX forecasting tool
The new data product will give market participants indications of future price moves, based on CLS historical data
CLS hires Danino-Lewis and Scott
The infrastructure provider gears up to broaden its range of services
CLS: politics and technology will be main drivers in 2018
Distributed ledger technologies will be used increasingly while cryptocurrencies gain ground
Gladwin exits CLS, joins consultancy
CLS relationship manager Julian Gladwin left CLS in October and has moved to Elixirr
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
The trend towards best practice in institutional FX settlement
Marisa Kurk, senior managing director and chief operating officer at Mesirow Financial Currency Management Group, explores best practice in foreign exchange settlement
Collaboration provides risk mitigation services with an exciting compression tool
Established less than two years ago, triReduce CLS FX has already eliminated nearly $3 trillion in gross notional value from participants’ outstanding FX forward and swap portfolios – of which $2 trillion was eliminated in the last six months alone
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
CLS announces major strategy shift
The settlement utility will diversify into processing and data to become a business with three major service areas
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
CLS commits to FX Global Code, sets up public register
The settlement firm says it has aligned its activities with the principles of the Code
CLS and Traiana expand aggregation to non-CLS currencies
The service now includes offshore Chinese renminbi, Russian ruble, Turkish lira and Polish zloty
CLS appoints nine new directors to its board
The appointments raise the number of members on the board of directors to 23
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
Noble launches its first FX product
Noble FX provides real-time settlement and aims to solve the credit gap through peer-to-peer connectivity
CLS settled volumes continue upward trajectory in March
Spot, forwards and swap volumes inched up compared with February
CLS extends payments-netting service to all global currencies
CLSNet, expected to go live in Q2 2018, will comprise 140 currencies
CLS volumes slightly up in February
Swaps and forwards continue to show steady growth, but spot is down 23% on the year
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
CLS promotes Wood as general counsel
The legal department's co-head replaces Alan Marquard
Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs
CLS launches two new membership categories
Non-shareholder members will pay a fee to gain equal rights and access to the system as CLS shareholders
CLS signs MoU with Chinese think-tank
The FX utility will work with the National Institution for Financial Development to support the renminbi's internationalisation
CLS volumes dip in October
Volumes were down 1.4% from September and $135 billion off the highs reached in June