Standard Chartered goes live on CLSNet
02 December 2025 UK
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CLS, a financial market infrastructure group, has announced that Standard Chartered has gone live on CLSNet — its automated bilateral payment netting calculation service.
CLSNet 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 and developing economy (EMDE) currencies and same-day trades.
The service has recorded an average daily netted value of US$169 billion in the first half of 2025, up 18 per cent compared to the same period in 2024 and the CLSNet community now includes the top 12 global banks, alongside Standard Chartered.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “We are delighted to welcome Standard Chartered, CTBC, Maybank and Taishin to the CLSNet community.
“We are seeing increased demand for proven solutions to address the challenges facing the FX market.
“As more participants join CLSNet, the resulting network effect will deliver even greater risk reduction and efficiency benefits for all users.”
Tony Hall, global head of markets trading and XVA at Standard Chartered, says: “Standard Chartered is proud to join CLSNet, reaffirming our commitment to strong risk management, liquidity efficiency and operational excellence in FX.
“This step aligns with our role as a signatory to the Global FX Code and our ambition to be the leading emerging markets FX house.
“By leveraging CLSNet capabilities, we’ll deliver safer, faster and more efficient post-trade processing — freeing up intraday liquidity and reducing settlement risk for our clients. Another stride towards world-class infrastructure, smarter execution, and market leadership.”
CLSNet 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 and developing economy (EMDE) currencies and same-day trades.
The service has recorded an average daily netted value of US$169 billion in the first half of 2025, up 18 per cent compared to the same period in 2024 and the CLSNet community now includes the top 12 global banks, alongside Standard Chartered.
Lisa Danino-Lewis, chief growth officer at CLS, comments: “We are delighted to welcome Standard Chartered, CTBC, Maybank and Taishin to the CLSNet community.
“We are seeing increased demand for proven solutions to address the challenges facing the FX market.
“As more participants join CLSNet, the resulting network effect will deliver even greater risk reduction and efficiency benefits for all users.”
Tony Hall, global head of markets trading and XVA at Standard Chartered, says: “Standard Chartered is proud to join CLSNet, reaffirming our commitment to strong risk management, liquidity efficiency and operational excellence in FX.
“This step aligns with our role as a signatory to the Global FX Code and our ambition to be the leading emerging markets FX house.
“By leveraging CLSNet capabilities, we’ll deliver safer, faster and more efficient post-trade processing — freeing up intraday liquidity and reducing settlement risk for our clients. Another stride towards world-class infrastructure, smarter execution, and market leadership.”
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