CLS Announces Settlement, Processing, Data Services Solutions
New products include a same-day gross settlement service, data products and trade monitoring and reporting tools.
The company’s upcoming products include CLSNow, a same-day FX settlement service; CLSTradeMonitor, a real-time consolidated view of the match and confirmation status of trade instructions submitted to CLS; and CLSData, an expansion of CLS’s data offering to include FX order flow reports, intraday FX spot volume and FX pricing reports.
Both CLSNow and CLSTradeMonitor are expected to launch in the second half of 2018, pending necessary regulatory approvals.
Subscribers to CLS data reports can leverage on FX spot volume, pricing and order flow reports delivered on an intraday or end-of-day basis, depending on their requirements.
Alan Marquard, chief strategy and development officer at CLS, says the new products will make settlement, processing and data analysis faster, easier, safer and more cost effective.
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