CLS: Gaining currency with the global buy side

As global foreign exchange continues to command increasingly staggering trading volumes and more buy-side managers seek alpha in these markets, the same issues of automation, efficiency and risk management once so acute in equities have come to the fore. Buy-side front-office FX trading requirements have been arguably well-met by various multi-dealer electronic trading platform developers as well as single-dealer systems designed by FX-specialist banks. But in terms of clearing and settling,