Global Foreign Exchange Committee has made recommendations on Last Look.
There is a growing demand for transparency in FX trading by regulators.
CLS has also enhanced its existing suite of alternative FX data products.
FX Global Code sets out good practice for last look and provides illustrative examples.
DMALINK is an emerging markets focused institutional FX ECN.
Fund managers want an FX trading system that caters for the diversity of their portfolios.
Benefits include enhanced monitoring and alerting as well as increased levels of automation.
CLS is evaluating payment-versus-payment for currencies unable to settle in CLSSettlement.
The operator of institutional execution venues for FX and crypto currency trading is valued at $1bn.