Aggregation

Access additional processing capacity and reduce operational risk caused by high-frequency, low-value FX trading using our trade aggregation service.

Access additional processing capacity and reduce operational risk caused by high-frequency, low-value FX trading using our trade aggregation service.

Aggregation Services LLC is a trade aggregation service for FX spot transactions and addresses the operational and capacity challenges experienced by banks as a result of high frequency FX trading.

Over 24,000 third-party clients use our service

A joint venture between CLS and NEX Optimisation's Traiana business, the service works by aggregating matched FX trades to a single trade which in the case of the CLS currencies is then processed through to settlement in CLS.

The service was recently expanded to include the aggregation of matched FX trades for offshore Chinese renminbi (CNH), Russian ruble (RUB), Turkish lira (TRY) and Polish zloty (PLN), each against the US dollar (USD) and euro (EUR).

 

The benefits

  • Reduced market risk
  • Reduced operational risk
  • Standardized post-trade, pre-settlement delivery

Enhanced capacity for the banks' middle and back office systems, which is especially beneficial for participants on peak volume days.

The Aggregation service:

     


Mitigates FX settlement risk in the world’s single largest market



Is available directly or indirectly to FX market participants


Settles payment instructions relating to transactions in 18 currencies

CLSAggregation