TriReduce CLS FX expands compression service to third parties

All market participants can now take advantage of the compression benefits

compress dollars
The triReduce CLS FX service has compressed more than $6 trillion in notional to date

The triReduce CLS FX compression service is being expanded to third parties in a move that will give them the same benefits as CLS settlement members.

On April 5, CLS and Nex announced that banks, funds, non-banks and multinational corporations that settle through CLSSettlement via a settlement member can now join the service, and benefit from reduced counterparty exposures and operational risk mitigation.

This means non-members can now participate in the same compression cycle as CLS members.

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