David Puth, CEO of CLS, tells WatersTechnology that the netting service will be open to buy-side and sell-side institutions across the FX market, including banks, broker-dealers, asset managers, hedge funds and corporations.
CLS is aiming to launch the service in 12 to 18 months, as it will be subjected to regulatory approvals and market readiness.
It will also be introduced in two phases. The first phase will deliver a payment netting service for FX spot, forwards, non-deliverable forwards (NDF
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails