CLS Is Live. What Next?

For Continuous Linked Settlement (CLS), the industry-backed foreign exchange settlement system with a history of delays and glitches, its launch in September was decidedly a non-event. To the relief of most participants, the system not only worked, but it has continued to work, allowing its 39 settlement members to settle some 10,000 instructions per day with a gross value of over US$100 billion.

"It’s been surprisingly good," says Wayne Ferguson, vice president of global cash management at

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Smarter trading in a fragmented world

FX Week recently hosted a webinar in partnership with Refinitiv to ask foreign exchange industry leaders to discuss geopolitical challenges, market changes and developments, and evolving technologies, and how they have shaped forex markets in Asia

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