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September 2002
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Live with 39 Members and seven currencies
(Australian Dollar, Canadian Dollar, Euro, Japanese Yen, Swiss Franc, UK Pound, and US Dollar) .
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September 2003
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Four more currencies added
(Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona).
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February 2004
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First Fund FX transaction settled- allowing the growing investment fund community to proactively manage FX settlement risk.
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December 2004
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Four more currencies added
(Hong Kong Dollar, Korean Won, New Zealand Dollar and South African Rand).
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September 2005
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Product portfolio enhanced to extend settlement for non-deliverable forwards and FX option premiums extending the efficiency and cost benefits associated with CLS to a wider cross-section of the market.
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November 2007
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Record volume – over 1 million instructions settled in one day.
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December 2007
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Credit derivatives settlement goes live with the Depository Trust & Clearing Corporation – helping participants meet regulatory requirements and to improve post trade processing.
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December 2007
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Full "out of region" resilience achieved – synchronous data centres in operation.
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March 2008
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Record value settled of US$10.3 trillion.
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May 2008
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Live with Israeli Shekel and Mexican Peso – 17 currencies live in CLS.
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September 2008
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Lehman's week - CLS passes the sternest of tests and works exactly as designed. A new peak volume of 1.5 million instructions settled.
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December 2009
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Third party and fund participation continues to accelerate (over 7,000).
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January 2010
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CLS Aggregation goes live to address the capacity challenges faced by banks resulting form the tremendous growth in FX market participation from hedge funds, algorithmic traders, retail and institutional clients.
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May 2010
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CLS settles an average of over one million instructions per day with an average daily value of US$4.2 trillion during this period of market volatility.
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July 2010
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Number of third party participants exceeds 9,000
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July 2010
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Nomura becomes CLS Shareholder and Settlement Member
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November 2010
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Record daily settlement volume of 1,936,790 sides
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November 2010
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Lloyds Banking Group and Swedbank become CLS Shareholders
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November 2010
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Santander becomes CLS Settlement Member
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