CLS, a market infrastructure group delivering settlement, processing and data solutions, has named China CITIC Bank International (CNCBI) as the first Chinese bank to access CLSSettlement as a third-party client. Bai Lijun, executive director, alternate CEO and treasurer, CNCBI, comments: “By becoming a participant in CLSSettlement, CNCBI aims to mitigate settlement risk, reduce operational costs related to FX trading, and create opportunities for business expansion by enabling CNCBI to do more business with a larger number of counterparties.” CLS says expanding third-party participation in CLSSettlement is part of its growth strategy in Asia Pacific.
A-Team Insight Briefs
You can listen to the recording of this webinar by registering on this page. The UK’s departure from the EU – whatever the eventual terms – presents financial institutions of all types operating within Europe with a huge change management challenge. Deciding where to locate which activities, how to organise them corporately and legally, how...
Fund managers are falling short on calculating the implicit costs of trading, and on a broader scale are unaware as to exactly how much money is being spent with brokers due to a failure to fully review all their relationships qualitatively and quantitatively. According to research from OpenGamma, a provider of derivatives analytics, despite the...
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...