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CLS wins “The World’s Best FX Post-Trade Solution” at Euromoney’s FX Awards 2025
CLS has been named “The World’s Best FX Post-Trade Solution” at Euromoney’s FX Awards 2025.
The award recognizes the significant momentum around CLSNet, highlighting the critical role of the service. It follows CLS’s earlier success at the Euromoney Capital Markets Awards 2025, where it won in the “World’s Best Post-Trade Service Provider” category.
CLSNet is an automated bilateral payment netting calculation service for over 120 currencies, including emerging market currencies. CLSNet helps to mitigate operational risk by supporting market participants in significantly netting down their overall positions and thereby reducing the payment obligations exposed to settlement risk while improving operational and liquidity efficiencies.
CLSNet has seen a significant rise in adoption over the past year, with the service recording an average daily netted value of USD169 billion in the first half of 2025, up 18% compared to the same period last year. Committed to the CLSNet community are the top 12 global banks alongside a growing roster of regional banks, funds, corporates and non-bank financial institutions.
The award recognizes CLS’s work with MUFG. The bank had previously relied on gross settlement methods with its counterparties which required settling each transaction individually, increasing the likelihood of settlement failures. The automated and centralized features of CLSNet enabled MUFG to reduce settlement risk for emerging market currencies and support its adherence to the FX Global Code. By settling net payment amounts calculated by CLSNet, the bank was able to reduce its number of payments by 92% and substantially decrease its funding requirements by 43%.
“It’s wonderful to be recognized not just once but twice in one year for the strength of our post-trade solutions”
Chief Growth Officer
“It’s wonderful to be recognized not just once but twice in one year for the strength of our post-trade solutions,” said Lisa Danino-Lewis, CLS Chief Growth Officer. “We’ve seen the market continue to increase adoption of CLSNet over the past year, and we hope this recognition will support us in continuing that momentum.”
“The needs of the FX market are constantly evolving, and the role of post-trade solutions are only growing in importance. We’re honored to be recognized as a leading solution provider in FX as well as the broader capital market space,” said CLS Chief Executive Officer Marc Bayle de Jessé.