Technology Briefs

Credit Lyonnais is using London-based technology vendor City Networks’ module to match treasury confirmations on the Continuous Linked Settlement (CLS) service for FX.

Warren Hyde, treasury operations manager at the bank in London, said: "Our primary requirement was to find one single system that could monitor and resolve both CLS and non-CLS trades in the quickest way possible. Staff costs have been reduced and less time is needed to cross-train new staff."

The product resolves trade exceptions

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