CLS Bank International

33 results about this entity

Period: 11 Oct 2004 - 05 Sep 2019

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CLS appoints data manager

CLS, a market infrastructure group delivering settlement, processing and data solutions, announces today that Masami Johnstone has been appointed as Head of Information Services.

Trends of the foreign exchange today

Trends of the foreign exchange today

Angus Scott, Head of Product, CLS, speaks at Sibos about the major trends around foreign exchange settlement today, what initiatives CLS are taking to attract more users and volumes over the CLS Settlement service and how the increasing adoption of new technology is impacting the services CLS provides today.

CLS invests $5 million in R3; Paxos scores $65 million funding round

CLS invests $5 million in R3; Paxos scores $65 million funding round

Blockchain consortium R3 has banked a $5 million investment from FX risk platform CLS.

Absa joins CLS as a new settlement member

CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions, today announced that Absa Bank Limited (Absa) has joined as a settlement member.

Nippon Life becomes first non-bank to settle currency trades via CLS

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first Japanese non-bank financial institution (NBFI) to join the CLS system via third-party access.

CLS to introduce alternative models for membership

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, has introduced two new models for settlement membership – affiliated settlement membership and non-shareholder settlement membership – in addition to the existing shareholder and central bank settlement membership categories.

CLS upgrades settlement members to new market infrastructure interface

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the completion of its project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel.

CLS to use Hyperledger Fabric for new payment netting service

CLS to use Hyperledger Fabric for new payment netting service

Multi-bank foreign exchange counterparty CLS is to build a payments netting service for trades settled outside the core membership using distributed ledger technology based on Hyperledger Fabric.

Daiwa Securities Group joins CLS as a new settlement member

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, has expanded the number of settlement members accessing its service with the addition of Daiwa Securities Group.

Wells Fargo joins CLS as new settlement member

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, today announced that Wells Fargo has joined as a settlement member.

CLS names Alan Marquard as chief strategy and development officer

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the appointment of Alan Marquard to lead CLS’s new Corporate Strategy and Development division.

Samsung Securities becomes first non-bank to settle on CLS system in South Korea

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first non-bank financial institution (NBFI) to join the CLS system via third party access in South Korea.

CLS and Markit extend FX settlement to cross currency swaps

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 adds Hungarian forint to settlement system

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.

FirstRand joins CLS as new settlement member

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 to develop settlement service for cleared FX products

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 hires Zschach as chief information officer

CLS hires Zschach as chief information officer

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.

CLS wins legal battle in settlement 'patent' dispute

CLS wins legal battle in settlement 'patent' dispute

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.

CLS raises £160 million to meet new capital demands

CLS raises £160 million to meet new capital demands

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.

DTCC names Anne Noonan MD and chief systemic risk officer

DTCC names Anne Noonan MD and chief systemic risk officer

The Depository Trust & Clearing Corporation (DTCC) has appointed Anne Noonan, a founding member of CLS Bank International, to the new position of managing director and chief systemic risk officer.

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