Tech briefs
Indover takes ABN Amro for CLS
Indonesia’s Indover Bank has signed up for ABN Amro’s third-party continuous-linked settlement (CLS) service in Amsterdam and Hong Kong.
It has taken ABN’s ‘CLS FastTrack’ service, which enables implementation within six weeks, as opposed to two or three months. When it goes live in January, Indover will be able to settle its FX trades on the CLS service, which reduces settlement risk.
GFT announces another broker deal
Chicago-based Global Forex Trading, a division of
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