CLS to replace core settlement system

Overhaul will leverage conventional technology rather than blockchain solution that underpins new CLSNet service

Image of calculators
Upgrade: CLS intends to overhaul its 15-year-old settlement engine

CLS Bank – the de facto settlement provider to the global foreign exchange markets – has initiated a lengthy project to replace the core settlement engine it has relied on for the past 15 years.

“We have embarked on a strategy to ultimately replace the settlement system on which CLS was launched. This is a project we have been working on for some time as we consider what kind of platform we need to embark on a growth strategy in the coming years, and deliver the best value for our members and t

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: