CLS is continuing to work with settlement members, asset managers and the wider FX market to explore possible solutions to address any challenges that may arise from the transition to T+1. Our CEO, Marc Bayle de Jessé, joined a Global Foreign Exchange Committee panel on 1 July to discuss the impact of the accelerated shift to T+1 in the US. Today he will take part in a panel at the European Securities and Markets Authority (ESMA) reflecting on the US experience of T+1 and its implications for the EU. Read more about T+1 >> https://lnkd.in/e4rpBs2e #CLSGroup #ShapingFX #tplus1 #CLSSettlement #RiskMitigation #PvP
CLS Group
Financial Services
London, New York 24,199 followers
We make FX safer, smoother and more cost effective across the global FX ecosystem.
About us
Trusted by thousands of counterparties within the global FX ecosystem, CLS makes FX safer, smoother and more cost effective. Trillions of dollars worth of currency flows through our systems each day. Created by the market for the market, our unrivaled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so you can put your capital and resources to better use. Our complementary products are designed to enable you to manage your risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.
- Website
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http://www.cls-group.com
External link for CLS Group
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- London, New York
- Type
- Privately Held
- Founded
- 2002
- Specialties
- Foreign Exchange Settlement, Risk Mitigation, FX, Cross currency swaps, Processing, Same day settlement, Finance, Aggregation, CLSMarketData, Data, Post-trade , OTC Derivatives, CLSSameday, FX volume data, CLSMarketData, CLSTradeMonitor, CLSSettlement, Forex, FinTech, Settlement, CLSNow, CLSReporting, FX Volume, FX Pricing, FX Forecast, FX Order Flow, CLSSameday, Banks, FX Global Code, Financial services, and FXalternativedata
Locations
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Primary
Get directions
CLS Bank
London, New York 10005, US
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Get directions
CLS group, exchange tower
London, London E14 9GE, GB
Employees at CLS Group
Updates
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The adoption of our bilateral payment netting calculation service continued to grow in Q2, with the average daily netted value in CLSNet reaching USD148 billion, up 40% year-on-year. Learn more here >> https://lnkd.in/e7_Cqf3S This growth was driven by significant milestones, including a new record daily and monthly average netted value in June, leading to the highest quarter average daily netted value since the product’s launch. #CLSNet #netting #standardization #AutomatedSolutions #OperationalRiskManagement
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CEO Marc Bayle de Jessé discusses CLS’s role in the FX market in the latest episode of the P.I.T. (Payments, Innovation and Technology) Exchange podcast, hosted by Currency Research. During the conversation, he shares insights into settlement risk and the origins of CLS, the dynamics influencing the FX market and the role of innovation. #CLSGroup #ShapingFX #CLSSettlement #RiskMitigation #PvP
Quicker settlement is key to adapting to industry developments, offering enhanced benefits for all. It's time to take bold steps in innovating financial market infrastructure to create a seamless and efficient future. In our latest podcast episode, we had the honor of speaking with Marc Bayle de Jessé, CEO of CLS Group🎙️ Marc shared valuable insights into the crucial role of CLS in the foreign exchange (FX) market, its remarkable resilience during crises, and the ongoing challenges and innovations in cross-border FX settlement. Don't miss this enlightening conversation! Listen to the latest episode of the P.I.T. Exchange now and gain expert perspectives on financial market infrastructure and the challenges of innovation. Tune in today! 🎧🔗 https://hubs.li/Q02FqxXz0 #PITExchange #Payments #Innovation #Technology #StayAhead #Finance #FXMarket #FinancialInfrastructure #CrossBorderSettlement #FinTech
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We recently witnessed a record daily netted value of USD593 billion in CLSNet, as market adoption of our bilateral netting payment calculation service continues to grow at pace. Learn more >> https://lnkd.in/d_ST5gYG #CLSNet #netting #standardization #automatedsolutions #operationalriskmanagement
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CLS is continuing to work with settlement members, asset managers and the wider FX market to explore possible solutions to address any challenges that may arise from the transition to T+1. Our CEO, Marc Bayle de Jessé, today joined a Global Foreign Exchange Committee panel to discuss the impact of the accelerated shift to T+1 in the US. On 10 July, he will also take part in a panel at the European Securities and Markets Authority (ESMA) reflecting on the US experience of T+1 and its implications for the EU. Read more about T+1 >> https://lnkd.in/e4rpBs2e #CLSGroup #ShapingFX #tplus1 #CLSSettlement #RiskMitigation #PvP
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During our recent record day, the total funding required was just 0.38% of the gross value settled, meaning for every USD100 million settled, each CLSSettlement member only needed to fund USD380k to achieve settlement. Learn more about settlement and our members >> https://lnkd.in/eJa8z3qe Our centralized platform and approach to multilateral netting mitigates settlement risk, reduces costs – and shrinks funding requirements so our clients can put their capital and resources to better use. #CLSSettlement #ShapingFX #CLSGroup #RiskMitigation #pvp
CLSSettlement record day funding
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New record for CLSNet, as market adoption of our bilateral netting payment calculation service continues to grow at pace. On 20 June we witnessed a record daily netted value of USD593 billion in CLSNet. Learn more >> https://lnkd.in/d_ST5gYG The increase in adoption is consistent with the broader FX industry’s focus on optimizing liquidity and operational risk mitigation across the global currency spectrum. #CLSNet #netting #standardization #automatedsolutions #operationalriskmanagement
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CLS settled a record value of USD19.1 trillion of FX payment instructions on 20 June - a significant increase on the record of USD16.3 trillion, in December 2023. Contact us to find out more about CLSSettlement >> https://lnkd.in/gj4hKjs9 The funding required to settle this amount is determined on a multilaterally netted basis and the total funding required was just USD72 billion, 0.38% of the gross value settled - demonstrating the essential role our organization plays in the FX ecosystem, and the major capital and liquidity savings we deliver for our clients and the wider FX ecosystem. #CLSSettlement #ShapingFX #CLSGroup #RiskMitigation #pvp
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Santander's Rafal Foltynowicz discusses how CLS helps FX market participants to manage settlement, credit, liquidity and operational risks >> https://lnkd.in/exMVEheW CLS | What’s your view? | CLSSettlement. #CLSSettlement #ShapingFX #CLSGroup #RiskMitigation #pvp
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Lisa Danino-Lewis, Chief Growth Officer, commented: “In May 2024, we saw average daily traded volumes of USD2.02 trillion, an increase of 6.9% compared to May 2023. Over the same period, we saw an increase in overall volumes across all instruments. FX swap volumes increased by 7.3%, FX spot volumes by 6.6%, and FX forward volumes by 5%.”>> https://lnkd.in/ewCMtRnF #CLSMarketData #FXAlternativeData #FXTradingData #FXTrading