News in brief

The future for pricing of CLS became clearer with a new pricing structure that would reward larger banks set to be introduced this year.

The changes agreed in principle at CLS’s November board meeting were designed to address concerns from larger banks that they are not seeing any benefit from the fact they settle bigger volumes on the system. The new pricing structure will kick in after CLS achieves pricing parity, where all trades on the platform are charged at a uniform rate of £1.13. Once

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