TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
The triReduce CLS FX compression service is being expanded to third parties in a move that will give them the same benefits as CLS settlement members.
On April 5, CLS and Nex announced that banks, funds, non-banks and multinational corporations that settle through CLSSettlement via a settlement member can now join the service, and benefit from reduced counterparty exposures and operational risk mitigation.
This means non-members can now participate in the same compression cycle as CLS members
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