State Street to offer settlement solution
NEWS
The system, which is currently being tested, will be running by the end of the first quarter. It will give clients access to an application enabling them to retrieve CLS and other settlement information from international settlement directory SSISearch's databases for FX activities.
The application is available via State Street's Global Link network and GTSS, its post-trade confirmation and matching settlement product.
State Street said the system would improve efficiency while reducing the
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