CLS declines delaying FX cutoff as US stock changes loom streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
CLS Group, the largest
currency settlement system, said on Tuesday it will not change
its cut-off time for payment instructions for foreign exchange
trades, dealing a blow to foreign asset managers. -April 09, 2024 at 05:44 pm EDT
- MarketScreener
(Bloomberg) CLS, the world’s largest foreign-exchange settlement firm, is racing to figure out a way to get the $7.5 trillion-a-day currency market ready for a huge change to trading in US stocks.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftChina Replaces Top Markets Regulator as Xi Tries to End Rout‘Money Dysmorphia’ Traps Millennial
CLS has announced that DIC Corporation has become the third Japanese manufacturing company to indirectly access its settlement platform, CLSSettlement, as a third-party participant