Forex Weekly Look Back: Swissqute revenue expectations rise 5%, ActivTrades adds commission-free equities trading LeapRate

January 15, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Swissqute revenue expectations rise 5%, ActivTrades adds commission-free equities trading

CLS, a market infrastructure delivering settlement, processing and data solutions, has announced that Alfa-Bank and First Abu Dhabi Bank (FAB) have agreed to initiate onboarding to CLSNet, a standardized, automated bilateral payment netting calculation service for more than 120 currencies. The CLSNet service standardizes and increases the levels of payment netting in the FX market. By…

January 14, 2021 BY Steffy Bogdanova

Emerging markets banks Alfa-Bank and First Abu Dhabi Bank join CLSNet

Further to this, Alfa-Bank and FAB are the first in their respective domiciles of Russia and the UAE to join CLSNet. This highlights the growing capabilities of CLSNet to include a broader segment of the global FX market community. Keith Tippell, Global Head of Product, CLS, commented: The addition of these emerging market leaders demonstrates…

February 12, 2020 BY Valentina Kirilova

Actinver, BNP Paribas, Citibank and J.P. Morgan join CLS’s DLT bilateral payment netting service

CLS, a market infrastructure delivering settlement, processing and data solutions, has just announced that Actinver, BNP Paribas, Citibank and J.P. Morgan are now live on CLSNet. The aforementioned giants joined the standardized, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform, earlier this week, increasing its…

November 28, 2018 BY Valentina Kirilova

Goldman Sachs and Morgan Stanley go live with IBM-powered CLSNet

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just announced that CLSNet is now live with investment bank Goldman Sachs (NYSE:GS) and US based investment banking giant Morgan Stanley (NYSE:MS). Six additional members from North America, Europe and Asia, including Bank of China (Hong Kong) will join…

July 04, 2018 BY Valentina Kirilova

CLSTradeMonitor goes live with asset managers

CLS, a market infrastructure group delivering settlement, processing and data solutions, has announced that its new post-trade monitoring and reporting tool, CLSTradeMonitor, has gone live with the first asset managers, including Mesirow Financial and Mountain Pacific Advisors, LLC. CLSTradeMonitor improves operational efficiency, provides transparency, and reduces operational risk for third parties currently settling in CLS.…

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first

April 06, 2017 BY Valentina Kirilova

CLS to extend payment netting service to all global currencies

In response to market demand, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, just announced that will expand its proposed bilateral payment netting service – CLSNet – to support more than 140 currencies (coverage will include all currencies associated with jurisdictions not on an official black/grey or sanctions…

Tag: CLSNet