State Street is collaborating with CLS, an FX market infrastructure group delivering settlement, processing and data solutions, to provide asset managers with a consolidated view of CLS settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor, allowing asset managers to efficiently manage their trades eligible for CLS settlement, along with all trades across their accounts with different custodians. The platform will also help asset managers to meet deadlines and alter settlement instructions.
