CLS Group
Global FX settlement and risk mitigation utility
Overview
CLS Group operates the world's largest multi-currency cash settlement system for FX transactions. Using a payment-versus-payment (PvP) mechanism, CLS mitigates settlement risk for over 50% of global FX transactions. CLS settles trades in 18 currencies and processes an average of USD 6.5 trillion per day.
Tags
Connected Entities (16)
JPMorgan Chase
Largest FX dealer globally by market share
Citibank
Leading global FX franchise with Velocity platform
UBS
Major FX dealer with Neo platform
Deutsche Bank
Top-tier FX dealer with Autobahn platform
Barclays
Major FX dealer with BARX platform
Goldman Sachs
Premier investment bank with marquee FX platform
HSBC
Global FX dealer with strong EM coverage
EBS (CME Group)
Primary interbank FX matching engine for major pairs
Refinitiv FX Matching (LSEG)
Primary interbank matching for GBP, AUD, NZD, CAD
Currenex
Institutional ECN for streaming and RFQ execution
Hotspot (Cboe FX)
Institutional ECN known for transparent execution
Cboe FX
Full-service institutional FX marketplace
360T (Deutsche Borse)
Multi-dealer platform for institutional FX
JPMorgan FX Prime Brokerage
Largest FX prime brokerage by client assets
Citi FX Prime Brokerage
Top-tier PB with extensive venue connectivity
Barclays FX Prime Brokerage
Major FX PB with strong European presence