CLS Group


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 1 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity – FX and settlement risk – settling while Lehman collapsed – a new understanding of risk – process changes after Lehman


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 2 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity – volume aggregation for new entrants – CCPs and providing clearing services – banks as competitors and users – having the renminbi and the rupee in CLS


“CLS: If member banks provide liquidity, what value do they get in exchange?”


“CLS: If member banks provide liquidity, what value do they get in exchange?”

November 2009

(Part 3 of 3) Conversation with Rob Close, CEO, CLS Group, on what banks get from CLS in exchange for providing liquidity – the internationalization of closed currencies – the composition of FX volumes – central banks and FX – meeting local market needs