CLS and NEX Extending triReduce Compression Service to Third Parties

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CLS and NEX Extending triReduce Compression Service to Third Parties

Postby kreslik.news » Wed Apr 04, 2018 8:51 am


CLS and NEX have jointly extended the triReduce CLS FX service to third parties, greatly enhancing participation. The joint effort reflects an ongoing bid to expand participation for third parties amidst a strong demand for compression of FX forwards and swaps.

As a market infrastructure group delivering settlement, processing and data solutions, CLS has seen its settlement service grow over the past year. Together with NEX, the triReduce CLS FX service compressed $6 trillion notional to date. Additionally, the service has also signed six additional banks in the last six months alone, eying further growth.

Alan Marquard, Chief Strategy ... (read more)

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