CLS Group today announces that Alan Bozian will be joining CLS as Chief Executive.
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He will be appointed as Chief Executive Officer of CLS Group and President and CEO of CLS Bank International, effective 30 June 2010 on the retirement of Rob Close after nine years with CLS. This executive change is part of the group’s planned succession strategy. In announcing the appointment of Alan as Rob’s planned successor, [...]
CLSAS: CLS/ICAP forex aggregation service opens for business
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The joint venture between CLS Group and Traiana, an Icap company, to provide trade aggregation services to participants active in the over-the-counter FX market has gone live. The service, known as CLSAS, aims to reduce operational risk, lower post trade costs and rationalise and consolidate legacy post-trade processes throughout the global FX markets. Only aggregated [...]
CLS volumes on rise – institutional investors are back?
CLS Bank reported that the average number of daily foreign exchange payment instructions rose 7.1 percent in October from the previous month, data from FX settlement system showed. The average volume of payment instructions was at 672,665 last month from 627,954 in September. On the year, volumes were down 7.6 percent after a record 727,934 [...]
Forex volumes on the rise again in Q2?
The average number of daily foreign exchange payment instructions rose in August from the previous month, data from FX settlement system CLS Bank showed on Friday. The average volume of payment instructions was 589,446, with an average value of $3.33 trillion in August. Volumes were up 3 percent from 572,214 in July, although the average value [...]
