Goldman joins CLS/Traiana JV

NEW YORK - Goldman Sachs became the latest bank to join the CLS/Traiana joint venture trade-aggregation service, the companies announced last week (September 9).

The bank joins a founding group comprising Bank of America Merrill Lynch, Credit Suisse, Citi, Deutsche Bank, JP Morgan, Morgan Stanley, Royal Bank of Scotland, Icap and CLS's executive management to financially back the initiative (FX Week, July 27). The interbank trade compression tool aims to reduce operational risks and post-trade

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