JPMorgan Treasury Services (TS) has announced that 18 firms have chosen it to provide third party CLS (continuous linked settlement) services.
Settlement member JPMorgan's services solution allows firms that are not members to settle foreign exchange trades in CLS. The service also extends intra-day liquidity and credit to qualified clients.
Steve Wilder, JPMorgan TS, says: "Our strategy has been to insulate our customers from the complexities that CLS introduces through end-to-end project management and exceptional implementations."