Standard Chartered, a leading international cross-border bank; CTBC, the Hong Kong branch of a Taiwanese commercial bank; and Banco Monex, a leading Latin American bank, have all gone live on the service recently. Adoption of CLSNet continues to grow at pace, with the top 12 global banks now committed to the growing CLSNet community. 

Lisa Danino-Lewis, Chief Growth Officer, CLS commented: “We are delighted to welcome Banco Monex to the CLSNet community. CLS sees a rising need for proven, forward-looking solutions to address challenges facing the FX market. With more participants joining CLSNet, the expanding network effect is set to amplify risk mitigation and operational efficiency for all participants in the service.”

Mauricio Naranjo, CEO of Monex, commented: "This solution (CLSNet) provides greater support and reduces risk in our clients' operations by enhancing intraday liquidity and execution efficiency. Banco Monex has been a member of CLS’s settlement service since 2018."

Tony Hall, Global Head of Global Markets, Standard Chartered commented: “Standard Chartered is proud to join CLSNet, reaffirming our commitment to strong risk management, liquidity efficiency and operational excellence in FX. This step aligns with our role as a signatory to the Global FX Code and our ambition to be the leading Emerging Markets FX house. By leveraging CLSNet capabilities, we’ll deliver safer, faster and more efficient post-trade processing—freeing up intraday liquidity and reducing settlement risk for our clients. Another stride towards world-class infrastructure, smarter execution, and market leadership.”