CLS Looks for Value in Discarded Data

The information services division of foreign exchange settlement specialist and data provider CLS is sifting through years of “discarded data” to develop a new alternative data product that can be commercialized.

While the program is still in its infancy, the hope is to find new and more useful ways to wrap and combine existing CLS datasets to create new insights, says Masami Johnstone, head of information services at CLS.

“By really interrogating CLS’s data, we might identify interesting