About us

Trusted by thousands of counterparties within the global FX ecosystem, we make FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day.

We deliver huge efficiencies and savings for our clients
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. Our approach to multilateral netting shrinks funding requirements by over 96% on average, so you can put your capital and resources to better use.

We are the trusted party at the center of the FX ecosystem
We are by your side, well-informed, and always thinking ahead. You need a partner you can trust. That’s why over 70 of the world’s most important financial institutions choose to be members of CLS – and over 30,000 more use our services.

About

18

currencies

of the most actively traded globally

30,000

participants

around the world use our services indirectly through our settlement members

USD trillion

settled on average every day

settlement members

are part of our ecosystem

Our products

Our complementary products are designed to enable you to manage your risk most effectively across the full FX lifecycle – whether through our global settlement infrastructure, more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.

Our unique position

Our unique position at the center of the FX market and our active engagement with a network of leading banks, corporations, investors and central banks, as well as the global regulatory community, gives us
unparalleled insight into genuine market needs. Insight drives our agenda, ensuring we innovate to meet those needs as they evolve in line with new regulations, new technologies and emerging currencies.

Our mission

Our mission is to minimize systemic risk while improving funding and operational efficiency – so that clients can do business with confidence and make their capital go further.

Our history

Learn more about our history and how we are building our business to deliver a suite of targeted solutions to the FX market by applying the expertise, network and trust we have built as a global financial market infrastructure:

  • We were established in 2002 as a result of unprecedented co-operation among the global FX community
  • We began settling FX payment instructions in seven currencies for 39 settlement members
  • We are regulated and supervised by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York
  • We protect our settlement members and their clients from the most significant risk in the FX market – settlement risk – by settling the payment instructions for FX transactions between counterparties across the globe.

In the world's largest market, you need a partner who is by your side, well-informed, and always thinking ahead. You need a partner you can trust.

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