Thomas Zschach

Part of CLS Group Holdings AG, CLS Services Ltd. is a financial market infrastructure that provides innovative settlement, processing, and data solutions to reduce risk and deliver efficiency. The company is based in London, UK and their centralized platform and approach to multilateral netting mitigates settlement risk, reduces costs, and shrinks funding requirements by over 96%. As the largest single source of FX-executed data available to the market, their datasets include data based on over 1 billion trades dating back to 2002. The British company strongly supports the adoption of the FX code by all market participants.