CLS to replace core settlement system
Overhaul will leverage conventional technology rather than the blockchain solution underpinning the new CLSNet service
CLS Bank, the de facto settlement provider to the global foreign exchange markets, has initiated a lengthy project to replace the core settlement engine it has relied on for the past 15 years.
“We have embarked on a strategy to ultimately replace the settlement system on which CLS was launched. This is a project we have been working on for some time as we consider what kind of platform we need to embark on a growth strategy in the coming years, and deliver the best value for our members and the
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