Infrastructure
Singapore banks link for CLS
Singapore -- Three Singaporean banks will go live this December with a joint back-office processing link to the Continuous Linked Settlement (CLS) service for foreign exchange.
Citi to outsource e-liquidity
Forex giant goes online to service growing ranks of 'buy-side' banks
CLS authorises third-party services launch
LONDON -- CLS Bank today (November 4) authorised its Settlement Members to offer Continuous Linked Settlement to their banking customers.
CLS News 1
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BIS: e-FX may impact liquidity, volatility
BASLE -- Market participants fear the rise of electronic trading may adversely impact liquidity and volatility in the FX markets, according to the Bank for International Settlements (BIS).
EU enlargement may increase euro liquidity
FRANKFURT -- Enlargement of the European Union and adoption of the euro by EU ascension countries could see deeper, more liquid trading of the euro.
Sungard coup for FXConnect
LONDON -- State Street Corporation is to announce this week it has secured a coveted deal with UK treasury software firm Sungard.
Deutsche Bank reveals role in providing 9/11 liquidity
PARIS -- Michael Reuther, global head of funding at Deutsche Bank, revealed last week how the European Central Bank and the Federal Reserve Bank of New York created an emergency E50 billion 'synthetic' liquidity facility in the wake of last year's World…
CLS reaches $1 trillion volume
The CLS Group last week announced that it has settled payments instructions of more than $1 trillion in value since its September 9 launch.
Options business booming
Growing client sophistication prompts banks to expand in derivatives
ABN Amro scores CLS coup
AMSTERDAM -- ABN Amro Bank announced three clients for its third-party Continuous Linked Settlement (CLS) service last week, scoring a coup in the highly competitive market.