Citigroup New York Goes Live on CLS
CONNECTIVITY
NEW YORK--Citigroup’s New York branch has finally gone live on the continuous-linked settlement (CLS) service for foreign exchange transactions.
The bank started using the service with "limited counterparties" on March 1, and will add more on a rolling basis until the process is complete in September, says a Citi spokesperson in New York.
Citi’s New York branch is already settling its trades with Credit Suisse First Boston (CSFB), Goldman Sachs and Bank of New York on CLS, which reduces
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