Ten more years for CLS, IBM

CLS Group (CLS), a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has renewed and extended its technology partnership with IBM, partners since the inception of the settlement service in 2002.

Martin Jetter, IBM senior vice president, comments: “The industry in which CLS operates continues to evolve, and demand for greater resilience, optimised use of resources and efficiently delivered services becomes ever more critical to the wholesale foreign exchange market. Our continued collaboration in technology infrastructure support, innovation, service optimisation and the exploration of new business opportunities lays a solid foundation for CLS’s future success and will help to develop an even stronger working partnership over the next decade.”