CLS Migrates Its Settlement Service to Unified Services Platform

​CLS, a provider of Forex settlement services, announced that it has completed the migration of its settlement service to its Unified Services Platform (USP), with the implementation of Convergence.

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Convergence is a significant phase of CLS’s multi-year technology investment program. The  migration of CLSSettlement will optimize the company’s underlying technology platform supporting its settlement services.

With one of the most sophisticated technology stacks in the FMI space, USP uses the highest level of industry standards. It will allow for greater flexibility to develop and enhance new and existing services more efficiently.

The new platform gives CLS complete ownership of application development and change delivery, with in-house specialists managing ongoing platform support as well as design and development of its settlement services. Further benefits include enhanced monitoring and alerting as well as increased levels of automation for the benefit of the CLS ecosystem.

Tom Barkhuff, Chief Information Officer, CLS, said: “At CLS we are constantly assessing and evaluating new methods to improve our services for the benefit of our members. Our Convergence program is testament to our commitment to this strategy.”