Banco Monex goes live on CLSNet
14 October 2025 UK
Image: stnazkul/stock.adobe.com
CLS, a financial market infrastructure group which delivers settlement, processing, and data solutions, has announced that Banco Monex has gone live on CLSNet, its automated bilateral payment netting calculation service for over 120 currencies.
CLSNet is an automated bilateral payment netting calculation service for over 120 currencies.
The service standardises and automates post-trade matching and netting processes, delivering risk mitigation, liquidity optimisation, and operational efficiencies for currency flows outside of CLSSettlement, including emerging market currency flows and same-day trades.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “We are delighted to welcome Banco Monex to the CLSNet community. CLS sees a rising need for proven, forward-looking solutions to address challenges facing the FX market.
“With more participants joining CLSNet, the expanding network effect is set to amplify risk mitigation and operational efficiency for all participants in the service.”
Mauricio Naranjo, CEO at Monex, adds: “This solution provides greater support and reduces risk in our clients' operations by enhancing intraday liquidity and execution efficiency. Banco Monex has been a member of CLS’s settlement service since 2018.”
CLSNet is an automated bilateral payment netting calculation service for over 120 currencies.
The service standardises and automates post-trade matching and netting processes, delivering risk mitigation, liquidity optimisation, and operational efficiencies for currency flows outside of CLSSettlement, including emerging market currency flows and same-day trades.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “We are delighted to welcome Banco Monex to the CLSNet community. CLS sees a rising need for proven, forward-looking solutions to address challenges facing the FX market.
“With more participants joining CLSNet, the expanding network effect is set to amplify risk mitigation and operational efficiency for all participants in the service.”
Mauricio Naranjo, CEO at Monex, adds: “This solution provides greater support and reduces risk in our clients' operations by enhancing intraday liquidity and execution efficiency. Banco Monex has been a member of CLS’s settlement service since 2018.”
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