CLS wants more members to help it boost third-party access

New members are fuelling PvP settlement growth, but utility says it will need more to maintain this

CLS-wants-to-boost-membership

CLS has said the rapid growth in the volume of trades being settled under its payment-versus-payment system means it will need to expand membership to a greater range of market participants in order to address settlement risks across the FX sector.

During a webinar hosted by FX Markets on February 23, Lisa Danino-Lewis, chief growth officer at the FX market utility, said that more than 90% of CLS’s growth last year came from third parties, such as regional banks and asset managers.

This, she

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