CLS to debut new pricing structure
LONDON - CLS is set to begin charging clients under a new pricing model, which will weight the value of tickets more heavily from July 1, as it adapts to the evolving market landscape.
The change reflects a continued shift in the industry utility's strategy after receiving criticism from FX prime brokerage businesses in recent years over hefty CLS charges for settling low-value tickets. The new pricing model supports a ticket compression tool for interbank trades also being developed by CLS, in
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