Tech briefs

Saxo Bank chooses UBS for CLS

Danish investment bank Saxo Bank has selected UBS as its partner for Continuous Linked Settlement (CLS), it announced last week.

Using UBS’s service, Saxo expects to go live with CLS in December, bringing it reduced settlement risk and increased settlement efficiency, operational management and liquidity, it said.

Seth Cohen, global head of bank marketing at UBS in London said Saxo and UBS "share a common vision of using technology to bring transparency and effic