CLSTradeMonitor
An innovative post-trade monitoring and reporting tool designed for banks, non-bank financial institutions and multinational corporations to efficiently manage executed FX trades through timely, consolidated reporting across all counterparties.
Improving post-trade efficiency in an evolving and fragmented FX market is a priority for market participants leading to a heightened focus on transparency through the trade lifecycle. However, the lack of established and standardized post-trade consolidated reporting tools can increase operational risk and limit visibility.
CLSTradeMonitor is a post-trade monitoring and reporting tool that provides a single view of all trade instructions submitted to CLS. Providing enhanced transparency, CLSTradeMonitor is a reliable mechanism to reduce operational risk.
Improves
- Post-trade operational transparency
- Trade exception monitoring
Reduces
- Operational risk
- Process inefficiencies
70+
settlement members
35,000+
participants around the world use our services indirectly through our settlement members
6.5+ USD trillion
average settled each day
Benefits:
- Get a clear perspective of trade status through a consolidated view of all your trade instructions submitted to CLS across all your CLS products, custodians and counterparties
- Ensure early issue detection and resolution through near real-time trade status update of all details and timelines to investigate and resolve trade breaks
- Improve operational efficiencies with built-in-data filters and sorting functionality to help customize your historic data for reporting, auditing and analytical purposes by simply exporting to your trade management systems
- Customize and automate your workflow – receive post-trade status updates over a secure, platform-agnostic API or a simple web user interface enabling global remote access with seamless integration into your systems
Get the complete picture
We are pleased to offer CLSTradeMonitor with CLSNet as a combined value-add offering. We recognize that the cost of settling non-CLS currencies is higher than for CLS currencies.The combined solution allows you to drive operational process efficiencies, such as optimizing intraday liquidity, enabling real-time awareness of currency and counterparty exposures, and reducing operational and credit risk.
This powerful solution set enables you to access a holistic view of all your FX trades – multilateral and bilateral – for optimal post-trade efficiency.
Potential market use cases
Trade and settlement operations:
- Optimally monitor all trades up to settlement date, identify trade breaks, take remedial action and facilitate timely settlement
- Consolidate your interactions with CLS providers into one view
- Improve your post-trade reporting efficiencies.
CLSTrademonitor is also available through a partner application, TradeNeXusSM
FX Global code
Using CLS products and services plays an integral part in helping you comply with the FX Global Code.