SsiSearch's CLS Listing Rule hits the market

The Listing Rule is a modification to the firm's CLS Directory, which enables its members to see which counterparties are using the continuous-linked settlement (CLS) service for FX, thereby eliminating the need for bilateral agreements. Under the rule, CLS Directory members must select one of three options to identify whether they are settling trades in CLS with all counterparties; with selected counterparties through bilateral agreement; or not settling directly through CLS at all.

Thomas H