CLS to launch CLSReporting
March 7, 2018

CLS, a market infrastructure delivering settlement, processing and data solutions, is launching CLSReporting - a reporting product for foreign exchange (FX) matched instructions that supports members with their MiFID II (markets in financial instruments directive II) reporting requirements.  

CLS says it will provide the ability for parties and counterparties to FX trades to exchange additional information in their settlement instructions submitted via SWIFT FIN and ISO20022 XML messages. 

The trade information will be collated from CLSSettlement and CLSSameday in a single report after end-of-day processing has occurred for each service. CLS says this will create significant post-trade efficiencies for participants, allowing them to gather data necessary for MiFID II reporting with ease. 

The report will provide an enhanced view of overall FX trade activity, adds CLS. Data required for reporting under MiFID II, such as legal entity identifiers (LEIs) for counterparties and funds, timestamps, product identifier (spot, forward or swap) and execution venues, will be available in each report, allowing clients to address their transactional reporting requirements more effectively.

Alan Marquard, Chief Strategy and Development Officer at CLS, said: "As we continue to expand our suite of CLS data products, we have been working closely with our members to understand how we can best support them with their MiFID II reporting requirements. 

"By allowing clients to include additional information in their settlement instructions and providing a downloadable end-of-day report, we can help them to easily capture data and streamline their MiFID II reporting processes."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across fundservices.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

CLS, a market infrastructure delivering settlement, processing and data solutions, is launching CLSReporting - a reporting product for foreign exchange (FX) matched instructions that supports members with their MiFID II (markets in financial instruments directive II) reporting requirements.  

CLS says it will provide the ability for parties and counterparties to FX trades to exchange additional information in their settlement instructions submitted via SWIFT FIN and ISO20022 XML messages. 

The trade information will be collated from CLSSettlement and CLSSameday in a single report after end-of-day processing has occurred for each service. CLS says this will create significant post-trade efficiencies for participants, allowing them to gather data necessary for MiFID II reporting with ease. 

The report will provide an enhanced view of overall FX trade activity, adds CLS. Data required for reporting under MiFID II, such as legal entity identifiers (LEIs) for counterparties and funds, timestamps, product identifier (spot, forward or swap) and execution venues, will be available in each report, allowing clients to address their transactional reporting requirements more effectively.

Alan Marquard, Chief Strategy and Development Officer at CLS, said: "As we continue to expand our suite of CLS data products, we have been working closely with our members to understand how we can best support them with their MiFID II reporting requirements. 

"By allowing clients to include additional information in their settlement instructions and providing a downloadable end-of-day report, we can help them to easily capture data and streamline their MiFID II reporting processes."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site