CLS upgrades settlement members to new MI channel

CLS Group has completed ts project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel.

First Published by e-Forex News: December, 2016

David Puth
David Puth

CLS Group has completed ts project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel. The new gateway is based on the latest international technological innovations and market standards, including SWIFT ISO standards, and replaces the former proprietary gateway developed by CLS.

David Puth, CEO of CLS comments: “Maintaining a robust system is vital for us at CLS due to our critical role in mitigating settlement risk in the global FX market. As part of our ongoing program of system and technology upgrades to our services and infrastructure, we undertook a thorough review of the existing system. We then worked closely with our settlement members and technology partners to develop a new member gateway that would meet the demands of the global FX community today and in the future.”