Settlement risk
CLS: politics and technology will be main drivers in 2018
Distributed ledger technologies will be used increasingly while cryptocurrencies gain ground
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
CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
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 volumes dip in October
Volumes were down 1.4% from September and $135 billion off the highs reached in June
FXCH clears first institutional FX spot trade on blockchain
FX Clearing House from Ireland-based Baxter FX sets its sights on becoming the go-to CCP for all spot FX participants
April CLS volumes point to higher BIS figures
Bumper month will be basis for BIS triennial survey; ticket sizes likely grew as instruction number fell but value rose
Marquard takes on strategy role at CLS
He is still general counsel and representative for legal matters to CLS's executive management committee and CLS Group board
CLS discusses renminbi inclusion with PBoC
The talks, which have been going on for several years, are still in the exploratory phase
Banks eye Traiana for EM FX netting service
Industry turns to the Icap-owned utility as CLS's emerging markets push stalls
FirstRand joins CLS
The South African bank joins the currency settlement utility, raising its membership to 64
CLS sets go-live date for Hungarian forint
CLS and Hungary's central bank launched the forint project in February 2014
CLS develops cleared FX settlement service with LCH.Clearnet
Designed specifically for central counterparties and cleared FX products, the service aims to minimise risk in the industry
CLS volumes drop in February as market returns to 'normal'
Settlement utility sees volumes and instructions slide in February
CLS on track with Hungarian forint adoption
Currency will be added to settled units in November
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
CLS hits settlement record
Settlement infrastructure completes record number of instructions in 45 minutes after extensive IT upgrade
CLS faces up to Eastern realities
CLS suspends operational trials of the ruble and will delay the currency's adoption from its original November deadline
Achievement Award: David Puth
Puth has spent more than three decades in financial markets. He is chief executive of CLS, the currency settlement utility
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
CLS appoints Ken Harvey as chairman of the board
Harvey will take over from Hartsink later this year as chairman of the board, when Hartsink retires after seven years
CLS set to add Russian ruble in November, source says
Industry settlement utility CLS is poised to add the ruble to its currency universe in November