The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

CLS breaches the million mark

For the first time ever, CLS has settled more than 1 million payment instructions in one day. The landmark came on Tuesday, following the US Veterans’ Day public holiday, which meant two days’ worth of business had to be settled. CLS says it made 1,140,644 payments, beating the previous record of 905,478. So far through November, CLS is settling an average of 492,000 instructions a day. It adds that user participation is also growing and that it now has more than 2,000 third-party clients.

“To have settled over 1 million payment instructions in one day is testament to the progress CLS Bank has made since its creation five years ago and an indication of how fast the FX landscape has developed. As this year continues to be characterised by surges in volume, brought on by market volatility and interest rate adjustments, CLS Bank continues to evolve in order to service the demands of its clients in a changing market environment,” says Rob Close, CLS’ chief executive, in a press release.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree