CLS Group

CLS Group, also known as Continuous Linked Settlement, is a financial market infrastructure group that specializes in foreign exchange (FX) settlement and processing. Founded in 1997 and operational since 2002, its main entity, CLS Bank, is based in New York, with the holding company located in Lucerne. The company operates a global multicurrency cash settlement system, known as the CLS System, which mitigates settlement risk in FX transactions through a payment versus payment (PvP) mechanism. CLS Group offers a range of services, including CLS Settlement, which supports 18 currency jurisdictions, and CLS TradeMonitor, providing real-time monitoring of FX trades. The FX Forward Compression Service, developed in collaboration with NEX, helps reduce operational complexity for clients. Trusted by numerous financial institutions, CLS Group plays a vital role in the global FX ecosystem, enhancing operational efficiency and providing market data analytics to support informed decision-making.