CLSNet, which supports more than 120 currencies, automates and standardises post-trade matching and netting for transactions outside CLSSettlement, including many emerging-market and same-day trades.
The company said that adoption has been accelerating, with the service recording an average daily netted value of $169 billion in the first half of 2025, up 18 percent on the same period a year earlier.
The network now includes the world’s top 12 global banks and a rising number of regional institutions, funds and corporates.
Standard Chartered said the move reflects its commitment to improving liquidity management and operational efficiency across FX.
Tony Hall, the bank’s Global Head of Global Markets, said the lender would deliver “safer, faster and more efficient post-trade processing, freeing up intraday liquidity and reducing settlement risk for our clients.”
The expansion comes as regulators and market participants focus on reducing settlement exposure, particularly in emerging-market currencies, where usage of automated netting platforms is recommended under Principle 35 of the FX Global Code.
CLS said additional Asian banks are joining the network. Taiwan’s CTBC has already gone live, while Malaysia’s Maybank and Taiwan’s Taishin have committed to join, with an emphasis on reducing risks in Asian currency pairs such as USD/CNH.
CLS’s Chief Growth Officer Lisa Danio-Lewis said growing participation would enhance the “network effect,” further increasing the efficiency benefits for users as adoption widens.
