ABN Amro takes Indover onto CLS

As a result of the CLS account, ABN Amro has also secured Indover as a client in other related areas -- installing its DealStation FX dealing platform at Indover’s trading floors in Amsterdam and Hong Kong.

The bank, which is an East Asian specialist, will also use ABN Amro for its nostro accounts in yen, Australian dollar, Swedish krona, Singapore dollar and Canadian dollar, which are all CLS-eligible currencies.

ABN Amro now has some 60 banks or entities signed up to use CLS through its th