Fundtech adds two CLS clients
Zürcher Kantonalbank in Switzerland and ING in the Netherlands are already users of Payplus, but have been required to upgrade their licenses to cover greater foreign exchange volumes. Urs Bodmer, vice-president at Zürcher Kantonalbank, said the bank's FX role has grown since the establishment of CLS. "We've gained new market-share from third-party CLS users, and to date nine are live, with another starting live trials in the next few weeks," he said.
Meanwhile, UK straight-through processing
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