CLS Bank International (CLS) is a specialist U.S. financial institution that provides critical multicurrency cash settlement services for the global foreign exchange (FX) market. Launched in 2002, CLS mitigates settlement risk for its members, which include a majority of the world's most active FX trading banks and financial institutions. By offering payment-versus-payment (PvP) settlement, CLS ensures that one leg of an FX transaction is paid if and only if the other leg is paid, significantly reducing systemic risk in the financial system. It is regulated by the Federal Reserve as an Edge Act corporation and is considered a systemically important Financial Market Utility (FMU).
Serves as CLS Bank International's primary operational hub in the United States, overseeing its US regulatory obligations as an Edge Act corporation, managing key client relationships, and forming a critical node in its global settlement infrastructure.
State-of-the-art, secure office facilities equipped to handle critical financial market operations, reflecting the institution's systemic importance. Likely includes robust disaster recovery and business continuity infrastructure.
A highly professional, risk-aware, and collaborative environment. Emphasis is placed on operational resilience, security, precision, and adherence to regulatory standards, reflecting its critical role in global financial markets.
The New York headquarters is vital due to CLS Bank International's U.S. charter and its regulation by the Federal Reserve. It anchors CLS's operations within one of the world's largest financial centers, facilitating interaction with key market participants and regulatory bodies.
CLS Bank International operates a global financial market infrastructure, providing its critical FX settlement services across major financial centers worldwide. It connects thousands of third-party clients and member banks, supporting 18 of the world's most actively traded currencies. This extensive network ensures comprehensive risk mitigation and operational efficiency for participants in the global FX market, irrespective of their geographical location.
32 Old Slip
New York
NY
USA
Address: The Helicon, One South Place, London, EC2M 2UP, United Kingdom
To provide comprehensive support for CLS's FX settlement services in the EMEA region, manage key relationships with financial institutions, and contribute to product development and strategic initiatives.
Address: Otemachi Park Building, 1-1-1 Otemachi, Chiyoda-ku, Tokyo 100-0004, Japan
To serve CLS members across Asia-Pacific, manage regional operational aspects of FX settlement, engage with local market participants and regulators, and support the inclusion of regional currencies in CLS services.
Address: Level 5, Two Exchange Square, 8 Connaught Place, Central, Hong Kong
To facilitate access to CLS's settlement services for institutions in Hong Kong and surrounding markets, and to support regional business development and member relations.
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As of April 2025, CLS Group' leadership includes:
CLS Group has been backed by several prominent investors over the years, including:
CLS has focused on strengthening its leadership team with key appointments. In the last 12 months (mid-2023 to mid-2024), there has been at least one significant addition to the executive team, with no major publicly announced departures at the top executive level readily found.
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CLS Group (the parent organization of CLS Bank International) commonly uses a standard corporate email format, typically combining elements of an employee's name with the company domain.
The most common format appears to be [first_initial][lastname]@cls-group.com (e.g., jsmith@cls-group.com) or [firstname].[lastname]@cls-group.com (e.g., john.smith@cls-group.com).
Format
gslate@cls-group.com
Example
80%
Success rate
FinanceFeeds • June 12, 2024
CLS reported its market data for May 2024, showing an average daily traded volume of $2.021 trillion, an increase of 1.5% compared to May 2023. This included increases in FX spot and FX forward volumes....more
CLS Group Press Release • May 21, 2024
CLS and Baton Systems announced a collaboration to explore new payment-versus-payment (PvP) settlement capabilities using distributed ledger technology (DLT), aiming to expand access to PvP settlement for a broader range of market participants....more
CLS Group Press Release • February 20, 2024
Keith Tippell, Head of Product at CLS, has been appointed as a member of the U.S. Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC), contributing his expertise on global market structure and financial stability....more
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