Barclays Bank has joined CLS Group and Traiana’s joint venture, which offers trade aggregation services to participants active in the over-the-counter FX market. Barclays has become a part of an initial group of eight banks as a CLS Aggregation Participant in CLS Aggregation Service (CLSAS). The other banks include Credit Suisse, Citibank, Deutsche Bank and Goldman Sachs. CLSAS provides a range of benefits for participants, including improving post trade operational efficiencies and costs and increasing business growth.
Click here for the release from CLS Group.