BNY Mellon connects to CLSNet netting service
The platform has experienced record growth this year, with the average daily notional value of net calculations consistently exceeding $115 billion in the last 12 months.
Tag: CLS
The TRADE predictions series 2024: Market Structure – T+1
Key industry voices from Manulife Investment Management, Duco, CLS, DTCC and Torstone Technology delve into the buzz phrase on everyone’s lips as they look to 2024 – the shift to T+1.
Three new additions for CLS’ cross currency swaps service
The service forms part of CLSSettlement which has seen a 38% year on year increase in cross currency swaps for the first half of 2023.
Settled values of cross currency swaps see continued growth
There has been a 27% year-on-year increase in cross currency swaps submitted to CLSSettlement as of Q2 2022.
DLT allows for first interbank riskless settlement outside of CLS
The move marks a change in FX settlements, allowing market participants to significantly reduce their settlement exposure and associated risks.
CLS to pilot PvP solution for a wider range of currencies for its settlement service
The pilot within CLSSettlement addresses various public policy initiatives to encourage PvP adoption.
CLS launches new FX datasets to improve market transparency
New datasets will improve users’ analysis of short- and longer-term FX market trends to provide insight into market dynamics.
HSBC signs up to CLS and IHS Markit cross-currency swaps service
CLS and IHS Markit said with the addition of HSBC there are nine settlement members live on the cross-currency swap service including several major banks.
CLS completes major technology change initiative with revamped settlement platform
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform.
CLS sees buy-side adoption of post-trade platform grow after State Street integration
Increased traction demonstrates demand from the buy-side to manage all FX post-trade workflow within one platform, claimed CLS.