NYCC to Offer CLS Services
EXCHANGE TECHNOLOGIES
NEW YORK--Two firms working in foreign currency futures contracts have already signed up for the new Continuous Linked Settlement (CLS) service of the New York Clearing Corp. (NYCC), the clearing house for the exchange markets of the New York Board of Trade (Nybot).
According to an agreement announced last week, the NYCC will be using JPMorgan Treasury Services, a unit of J.P. Morgan Chase & Co., to provide the CLS services, says George Haase, president of the NYCC. The agreement will allow the
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