CLS and Traiana expand aggregation to non-CLS currencies

The service now includes offshore Chinese renminbi, Russian ruble, Turkish lira and Polish zloty

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Burning issue: CLSAS deals with the operational challenges posed by high-frequency traders

CLS and Nex Optimisation have expanded the scope of CLS Aggregation Services (CLSAS) to cover four currencies that are not settled through the foreign exchange utility. The offshore Chinese renminbi, Russian ruble, Turkish lira and Polish zloty will now be included, which represent the most widely traded emerging markets currencies in the world.

CLSAS, launched in 2010, provides trade aggregation services for FX spot transactions to address operational and capacity challenges resulting from hig