FXall adds CLS messaging
The service will automate confirmations between third-parties, their custodian and CLS bank when a deal is completed. The first asset manager client is due to go live through CLS in November.
Separately, Wachovia has joined FXall as a liquidity provider, and Cleveland-based Key Bank has joined as a Settlement Center partner.
Settlement Center, launched in March last year, is an independent service to automate the back office processes between banks.
Wachovia is one of 44 banks providing liquidity
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