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 35,000 more use our services.
Client testimonials
18
currencies
of the most actively traded globally
35,000
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.
Contact us to find out more
Latest news
CLS FX trading activity | July 2024
CLS speaks to e-Forex about the issues facing FX market participants
CLS FX trading activity | June 2024
Update on the impact to CLSSettlement following the move to T+1 for securities settlement in the US
CLS FX trading activity | May 2024
CLS appoints five new board directors
Navigating the T+1 Transition: the FX impact on the asset management community