CLS Reduces US and Canadian Dollar Risk with New Same-Day Settlement Solution
Monday,23/09/2013|19:30GMTby
Adil Siddiqui
CLS Group launches new same day settlement service for US dollar and Canadian dollar transactions. The new solution comes on the back of client demand to remove FX settlement risk in the liquid currency pair.
Financial traders transacting in the popular US and Canadian dollar currency pair, will benefit from a new Risk Management service launched by the global risk mitigation facility, CLS Group. The firm announced that it will extend its offer to enable members to settle same-day US dollar (USD) and Canadian dollar (CAD) trades.
The new solution will allow members to settle and take delivery of transaction on the same day. Since its launch in 2002, CLS has taken strong measures to remove settlement risk in the world’s most liquids asset classes. The launch of the Americas Same-Day Settlement (SDS) Session by CLS will inhibit trading in the popular USD/CAD instrument. These trades had not previously been eligible for CLS Settlement, due to the cut-off times in the CLS main Settlement Session. SDS is run as an additional service to CLS’ Main Settlement Session with a unique Operational Timeline.
David Puth, Chief Executive Officer of CLS, commented on the new initiative in a statement to the media, “We have seen a significant demand from our member banks for a service that mitigates settlement risk for same-day FX transactions. By establishing an additional service that captures payment instructions submitted after customary CLS cut-off times, we are continuing to deliver on our mission to enhance financial stability, by providing risk mitigation services to the global FX market. SDS is a major step forward in enhancing the risk mitigation, Liquidity , operational and IT efficiencies delivered by CLS.”
The USD/CAD cross will be the first that is offered on the SDS solution, this is primarily due to the liquid nature of the crosses. According to the most recent BIS FX survey, Canada trades an average daily of $65 billion in FX volumes. In addition, the two currencies share the same time zone. The SDS solution will be expanded to the emerging market FX pair, Mexican peso in the coming months. Seventeen CLS member banks will be using the service, with nine banks going live on the launch of the service.
Financial traders transacting in the popular US and Canadian dollar currency pair, will benefit from a new Risk Management service launched by the global risk mitigation facility, CLS Group. The firm announced that it will extend its offer to enable members to settle same-day US dollar (USD) and Canadian dollar (CAD) trades.
The new solution will allow members to settle and take delivery of transaction on the same day. Since its launch in 2002, CLS has taken strong measures to remove settlement risk in the world’s most liquids asset classes. The launch of the Americas Same-Day Settlement (SDS) Session by CLS will inhibit trading in the popular USD/CAD instrument. These trades had not previously been eligible for CLS Settlement, due to the cut-off times in the CLS main Settlement Session. SDS is run as an additional service to CLS’ Main Settlement Session with a unique Operational Timeline.
David Puth, Chief Executive Officer of CLS, commented on the new initiative in a statement to the media, “We have seen a significant demand from our member banks for a service that mitigates settlement risk for same-day FX transactions. By establishing an additional service that captures payment instructions submitted after customary CLS cut-off times, we are continuing to deliver on our mission to enhance financial stability, by providing risk mitigation services to the global FX market. SDS is a major step forward in enhancing the risk mitigation, Liquidity , operational and IT efficiencies delivered by CLS.”
The USD/CAD cross will be the first that is offered on the SDS solution, this is primarily due to the liquid nature of the crosses. According to the most recent BIS FX survey, Canada trades an average daily of $65 billion in FX volumes. In addition, the two currencies share the same time zone. The SDS solution will be expanded to the emerging market FX pair, Mexican peso in the coming months. Seventeen CLS member banks will be using the service, with nine banks going live on the launch of the service.
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- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
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#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
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➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
