BAML live on CLS/Traiana by October
The US bank is entering the test environment next month, with the option of going live then depending on results. In so doing, it joins Citi, Credit Suisse, Deutsche Bank, Morgan Stanley, Goldman Sachs, JP Morgan and Royal Bank of Scotland, which began a phased rollout in January (FX Week, February 1 and April 19).
The interbank trade compression service was launched to ease back-office capacity constraints at foreign exchange prime brokers. The product also aims to reduce the post-trade costs
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