Settlement Risk
CLS sets go-live date for Hungarian forint
It will be the 18th currency settled via the clearing house
CLS develops cleared FX settlement service with LCH.Clearnet
New product settlement offering aims to minimise risk
CLS volumes drop in February as market returns to 'normal'
Average daily input volume dropped 16.5% in February
CLS on track with Hungarian forint adoption
Currency to be added to settled units in November
SNB pushes CLS volumes to record high and platforms benefit
Major FX platforms report uptick post-SNB
CLS hits settlement record
Utility settles more than 2 million instructions – Wednesday 17
CLS faces up to Eastern realities
Ambitious expansion plans on ice after firm suspends operational trials of ruble
Achievement Award: David Puth
David Puth awarded recognition for lifetime contribution to FX markets
CLS will adhere to US sanctions on Russia
CLS and Russia still set for November adoption date for ruble
CLS chief technology officer resigns amid IT upgrade
Move unconnected to Alice lawsuit
CLS appoints Ken Harvey as chairman of the board
Harvey will succeed Gerard Hartsink in November
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
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, FX Week understands, and sources believe it could be added as early as next year
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
FX options clearing a 'big challenge', warns NY Fed official
Speaking at the FX Invest West Coast conference, the New York Fed's Jeanmarie Davis addressed the challenges associated with clearing and settlement of FX options
CLS to open Hong Kong office in bid for Asia expansion
Asia operation will open on August 20 under the leadership of Rachael Hoey, who relocates from London to become head of CLS Asia
FX Week USA: CLS expansion will be key to EM currency growth
EBS is 'holding its breath' for the ruble to be added to CLS, but regulatory affairs head cautions the addition of new currencies will take time
CLS membership will allow more ‘flexibility’, says Natixis
Natixis became a full settlement member in May, as CLS continues its mission to expand the use of the central settlement risk mitigation utility
CLS hits new record as FX volumes spike
Almost three million payment instructions were settled by CLS on Tuesday following a surge in trading volumes towards the end of last week
Forum supports board of approval to vet Russian nostro banks
Participants at the International Ruble Settlement Forum agree initiative needed to promote use of real-time settlement in Russia