CLS sees buy-side adoption of post-trade platform grow after State Street integration


Asset management adoption of FX settlement specialist CLS’s post-trade monitoring and reporting platform increased following an integration with State Street.

CLS has stated that its The CLSTradeMonitor post-trade monitoring and reporting platform has been linked at State Street centralised post-trade dashboard, TradeNeXus, to give asset managers an integrated view of their CLSSetlement information on their accounts with different custodians.

The two added that collaborative efforts with leading foreign exchange service providers to increase adoption of global standards and improve post-trade efficiency have resulted in an increase in the number of asset managers using CLSTradeMonitor through TradeNeXus.

“Since its integration into the TradeNeXus dashboard, we have seen a sharp increase in the adoption of CLSTradeMonitor by asset managers around the world.Said Lisa Danino-Lewis, Global Sales Manager at CLS.

The growth is a testament to both the breadth of TradeNeXus’ reach within this key community and the desire of buyers to effectively manage their entire post-trade FX workflow within a single platform. .. “

CLS has forged several partnerships over the past year to expand its post-trade customer base, partnering with Finastra in November to offer its netting calculation platform to its clients. Ee partnership goaled to meet the increased demand from buy-side businesses for a centralized post-trade management infrastructure.

“Our collaboration with CLS offers active managers with enhanced functionality to deliver operational efficiencies to our clients and minimize settlement risk, and these benefits have resulted in the increased global adoption seen since the launch of this initiative, ”said Louisa Kwok, Global Product Manager TradeNeXus, State Street.

The sister publication of TRADE Global Custodian and CLS, along with a panel of investment management and custody experts, will look at current FX settlement risk mitigation practices and how buy-side companies can gain in efficiency and benefit from best execution practices through automation and standardization. June 24.

Registration for the webinar can be done using this link.

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