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
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails