CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, and Markit, a leading global provider of financial information services, today announced the launch of a new FX settlement service for the cross currency swaps market.
CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, has started settling payment instructions in the Hungarian forint (HUF) on behalf of its settlement members, bringing to 18 the total number of currencies eligible for settlement through CLS.
CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, and FirstRand, one of South Africa’s largest financial institutions, today announced that FirstRand joined CLS as a settlement member.
CLS, the leading provider of settlement services for the global foreign exchange (FX) market, today announced that it is working with LCH.Clearnet, a leading global multi-asset clearing house, to develop a service to facilitate the settlement of cleared foreign exchange products.
CLS Group (CLS), the global FX financial market infrastructure, announced that its shareholders elected Gilbert Lichter to serve as an Outside Director on the CLS Group Holdings Board of Directors, effective 1 January 2015.
FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.
The US Supreme Court has found in favour of CLS Bank in a long-running patent dispute with Alice Corporation over the abstract notion of intermediated settlement.
The CLS Board of Directors is pleased to announce the appointment of Ken Harvey as Chairman of the Board of Directors of CLS Group Holdings AG and CLS Bank International.
FX risk reduction utility CLS Group has raised £160 million from its banking shareholders to meet new capital standards for systemically important market infrastructures and to invest in new technology.
CLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced the opening of an office in Hong Kong, significantly expanding its Asia presence beyond its long-standing office in Japan.
© Finextra Research 2015