CLS extends payments-netting service to all global currencies
CLSNet, expected to go live in Q2 2018, will comprise 140 currencies
Foreign exchange utility CLS is expanding the number of currencies available on CLSNet, its payments-netting service due to launch next year, in response to market demand.
CLSNet will support a total of 140 currencies, up from the 24 initially planned, and enable participants to submit instructions for six products: FX spot, forwards, swaps, non-deliverable forwards, tomorrow/next-day trades and same-day trades.
The service allows FX trades of buy- and sell-side institutions that are currently
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