CLS and ICAP joint venture goes live
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

CLS and ICAP joint venture goes live

CLS Group and Traiana, Icap’s post-trade company, have announced that their joint venture to provide trade aggregation services has gone live. The joint venture says that the system, named CLSAS, will alleviate the processing burdens on participating banks by as much as 90%. The technology behind the system is Traiana’s Harmony network.


There are eight banks initially committed to the venture: Bank of America, Credit Suisse, Citi, Deutsche Bank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Royal Bank of Scotland.

Gift this article