Settlement
September year-on-year volume increase at CLS
NEW YORK – CLS experienced a year-on-year rise in volumes settled over its system in September.
HSBC completes first US cross-border renminbi trade settlement
NEW YORK - HSBC USA completed its first US cross-border renminbi settlement, following the extension of China’s renminbi trade-settlement pilot programme in June.
FX - After the trade is made: the future of the CLS relationship
How will CLS fare as new regulations take hold? Olaf Ransome, director at forex operations consultancy, 3C Advisory in Zurich examines the future for the FX infrastructure
In Brief, September 13, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
CLS hires new head of strategic initiatives
NEW YORK – CLS has hired Richard Kerschner as New York-based head of strategic initiatives, a newly created role, it announces today (August 16).
BAML live on CLS/Traiana by October
NEW YORK - Bank of America Merrill Lynch is due to go live on the CLS/Traiana joint venture trade-aggregation service by October, making it the last of the eight founding banks to begin processing through the service.
CLS targets buy side with Omgeo
NEW YORK - CLS and Omgeo have teamed up to improve post-trade reporting by the buy-side community with the addition of CLS FX instructions to Omgeo’s standard settlement instruction (SSI) database.