New CLS currencies are adding 2,000 trades a day

"We had a pretty quick ramp up because the major domestic banks in Norway, Denmark, Sweden and Singapore are already on the network," said Jonathan Butterfield, executive vice-president of marketing and communication at CLS Bank International in New York. "But now of course they’re doing trades in their domestic currencies as well."

Butterfield said the number of transactions was set to increase. "We have just included two Scandinavian banks as third parties, so there is more room to grow." S

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: