JPMorgan Treasury signs up third parties for CLS service

JPMorgan Treasury Services (TS) has announced that 18 firms have chosen it to provide third party CLS (continuous linked settlement) services.

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JPMorgan Treasury signs up third parties for CLS service

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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."

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