Third-party CLS business comes under the spotlight in New York this week

Taking place at the University Club in Manhattan, the seminar, which is sponsored by FX Week, will examine a range of issues surrounding the burgeoning industry.

Joseph De Feo, president and chief executive of CLS Bank in New York, kicks off proceedings with his view of CLS today -- and its plans for the future, while the central bank’s view will be put by the Federal Reserve Bank of New York.

Larry Sweet, a vice-president at the bank, will outline the impact of CLS and its role in contingenc