JP Morgan signs up 18 CLS third-party customers

Third parties are due to gain access to CLS through full-member institutions on November 4. To date, only settlement members could put their trades through the system, set up to reduce the threat of settlement and systemic risk in the forex business.

Earlier this month, RiskNews’ sister publication FX Week reported that HSBC has signed up to 19 third-party CLS clients and Citigroup has nine such agreements.

The long-delayed CLS project went live for settlement members on September 9.

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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