Insights
In a global financial landscape that is rapidly evolving, FX plays a pivotal role in supporting market stability and global trade. As the trusted guardian at the center of the FX ecosystem, we draw on our deep expertise and the strength of our network to share insights on the key themes shaping the industry. Through our series of whitepapers, reports and opinion pieces, we explore developments in FX policy and regulation, settlement, innovation, technology and more.
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All insights
FX Ecosystem 08 | Resilience at CLS: Trusted to settle FX, built to withstand | ShapingFX series
Global currency makeup: Time for a shake-up? | Opinion piece
BIS Triennial Survey 2025 | CLSMarketData insights
Speculation or solution: Can stablecoins play a role in the FX world?
FX Ecosystem 07 | CLS and FX: A pioneering partnership with pivotal purpose
Innovation 02 | FX tokenization: Need a token? Is something broken? | ShapingFX series
FX Ecosystem 05 | FX settlement: Instant, still distant? | ShapingFX series
Between hype and hope: CBDC, the FX game changer?
FX Ecosystem 04 | Robust and resilient: FX in times of poly (crisis) | ShapingFX series
Innovation 01 | AI for FX: Igniting the ecosystem | ShapingFX series
Mitigating settlement risk in a fragmented world | ShapingFX
FX policy 02 | The fall of Bretton Woods: FX, 50 years afloat | ShapingFX series
FX policy 01 | The G20 cross-border roadmap: Navigating the FX lane | ShapingFX series
FX ecosystem 03 | Liquidity benefits: Do (not) settle for less | ShapingFX series
Atomic Settlement: Counting down to zero | ShapingFX
FX ecosystem 02 | FX settlement risk: To PvP or not to PvP | ShapingFX series
Inflation and monetary policy: way forward
Measuring PvP success in addressing FX settlement risk and remaining challenges
Stemming the tide of rising FX settlement risk
FX ecosystem 01 | Taking a central role: Cause and FX | ShapingFX series
Bank of Japan intervention | CLSMarketData insights
What are the necessary ingredients for any PvP arrangement to work?
Russell Investments – Fund managers, managing currency risk
Sibos TV 2022: The challenges associated with expanding PvP settlement
More is more: How do you improve coverage of PvP settlement in the FX market?
Addressing the key issues in cross-border payments
Settlement risk: addressing the key issue in cross-border payments
"Normalizing monetary policy” when and how?
Sibos TV: FX settlement risk in cross-border payments
The FX Global Code: Championing global standards and best practices in FX
How CLS is supporting the FSB’s roadmap for enhancing cross-border payments
Public policy proposals acknowledge the need for greater PvP adoption
No Quick Fix: Addressing Frictions in Cross-Border Payments
The value of trading volume in FX and the use of machine learning
CLS's importance in securing settlement through PvP
Examining risk-off periods and its potential impact on currency movement
What is driving EUR/USD corporate trading volume?
CLSMarketData: University of St.Gallen analysis reveals new insights into FX market
Unsettling: the increase of foreign exchange without settlement risk mitigation
Operational resilience in times of crisis
COVID-19 and the importance of resilient financial market infrastructures
Managing currency risk: time for a change?
CLSMarketData insights around COVID-19
Alternative FX Data – FX data comes of age
Risk management in APAC: how the buy-side is embracing best practice
Acting now before the inevitable storm: The sovereign-bank nexus
Cuemacro: Using CLS flow data to understand and trade FX spot