CLS Launches FX Reporting System
CLS plans to fully integrate CLSReporting, a new FX matched instruction service, in Q2 of 2018.
The service will enable CLS parties and counterparties to share additional information regarding their FX trade settlement instructions submitted via SWIFT FIN and ISO20022 XML messages. FX trade information will be collected from CLSSettlement and CLSSameday, creating a single report after end-of-day processing.
The company says it developed CLSReporting in the middle of 2017 to meet customer demands arising from Mifid II compliance obligations. It expects the service to be fully integrated in
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