David Puth
David Puth steps down as chief executive of CLS
CLS board chairman Kenneth Harvey will assume the post until a replacement is found
Salmon exits GFXC and BoE for private-sector opportunity
Federal Reserve Bank of New York’s Simon Potter will act as interim chair with immediate effect
GFXC publishes final word on last look
The GFXC has released the new and final version of Principle 17 and added two examples to illustrate best practice
Last look consultation closes, outcome uncertain
Responses to GFXC’s consultation on last look will be published before the body meets on November 14
CLS announces major strategy shift
The settlement utility will diversify into processing and data to become a business with three major service areas
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
BIS releases final version of GCC
The BIS’s FXWG, led by Guy Debelle, releases the document containing 55 principles for good conduct in FX markets
CLS appoints nine new directors to its board
The appointments raise the number of members on the board of directors to 23
Puth: buy side plays crucial role in FX Global Code adherence
Understanding the services offered by providers will allow clients to exercise caveat emptor rights
Webinar: hosted by FX Week and ACI FMA on the Global Code of Conduct
Listen to the recorded version of the webinar, which took place on April 5
CORRECTION: Principle 17 on last look will be subject to review
FX Week incorrectly stated that Principle 17 related to pre-hedging rather than last look
David Puth: Principle 17 will be subject to review
Audio webinar hosted by FX Week and the ACI Financial Markets Association saw more than 100 individuals dial in to ask questions ahead of the Code’s release
Mercer: Global Code is a great PR stunt; legitimises front-running
LMAX Exchange chief says the Global Code of Conduct is legitimising last look and pre-hedging, and its authors are misrepresenting the nature of discussions in the MPG
CLS and TriOptima launch FX forwards compression service
TriReduce FX for forwards and swaps reduces notional outstanding volumes and minimises counterparty credit risk
CLS CEO to brief market participants on code of conduct progress
David Puth will speak at an ACI America event in late October in New York
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS market committee chair Guy Debelle says work on the new global code of conduct will focus on plugging the gaps in the existing codes
Perspectives on 2014: David Puth, CLS
Working with dealers and central counterparties on settlement of centrally cleared FX options is a ‘high priority strategic objective’ for 2014, says CLS chief executive David Puth
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC FX options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
CLS raises £160 million capital from shareholders
Hefty capital raise completed last week to enable CLS to meet demanding new capital requirements and support future growth
CLS same-day settlement 'positive' for CAD market, says FX committee chair
Canadian FX committee chair Donna Howard welcomes launch of same-day settlement through CLS for USD/CAD, but acknowledges associated challenges
CLS launches settlement for same-day USD/CAD trades
Settlement risk mitigation firm is due to launch a new settlement session this week for the trades settled on a same-day basis