Trading practices yet to change post-CLS

Just 16% -- or six -- of the 40 banks that contributed to the survey said they had made any changes in trading behaviour. That includes favouring trading with counterparties that are also users of CLS, and increasing deal spreads for non-CLS counterparties, said David Medeiros, director of global payments research at consultancy Tower Group, which carried out the survey for CLS.

That finding goes against expectations that the September 9 launch of CLS, which aims to reduce risk in forex

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week 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: