CLS, NEX Expand Aggregation Services to Include Non-CLS Currencies

[kreslik.news]

CLS Group (CLS) and NEX Optimization (NEX), forex risk management and operational services providers, announced that the CLS Aggregation Services LLC (CLSAS) will begin supporting non-CLS currencies.

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CLSAS offers trade aggregation services for forex spot transactions, as well as addressing the challenges experienced by institutions such as banks due to high frequency trading. The collaboration between CLS and NEX Optimization’s Traiana business has matched forex trades bundled as a single trade, then processed and settled in CLS. The advantages are mitigated risk and improved capacity for the ... (read more)