CLS Services Uses Echo's System As Basis Of Multilateral Netting Service

DEALING & NETTING

LONDON--CLS Services, the recently created forex settlement service provider, has decided to use technology from the London-based Exchange Clearing House (Echo) as the basis for its worldwide multilateral netting service, according to sources. These sources add that CLS has drawn up a shortlist of vendors to build its proposed continuous linked settlement system.

David Roscoe, programme director at CLS, and Mark Hodgkinson, director of risk management at Echo, both decline to comment, saying

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: