CLS channels the blockchain with netting product

FX settlement firm CLS has gone live with a new service that will standardise and automate the calculation of payment netting on bilateral FX trades.

  • By Ross Lancaster
  • 28 Nov 2018

CLS developed the CLSNet service in partnership with IBM. It will use distributed ledger technology (DLT) to operate the platform. More than 120 currencies will be eligible.

“The CLSNet service is underpinned by DLT, based on Hyperledger Fabric [a framework for implementing blockchain],” said Adam Levine, head of ...

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