CLS Moves FX Settlement Infrastructure to a New Data Center…
By Rick Steves
AI summary of the source article
CLS has completed the migration of its foreign exchange settlement infrastructure to a new data center environment with Kyndryl. The initial settlement cycle in the new environment handled nearly two million transactions totaling more than $9 trillion.
Why it matters
The move is intended to "strengthen security, resilience and operational flexibility while supporting future requirements."
Key facts
- CLS completed a data center migration for its FX settlement infrastructure in partnership with Kyndryl.
- The first settlement cycle in the new environment processed nearly two million transactions worth over $9 trillion.
- CLS is a systemically important financial market infrastructure used by over 75 settlement members and more than 38,000 organizations.
Source excerpt · FinanceFeeds
CLS has completed its migration to a new data center environment with Kyndryl , a milestone in a multi-year technology modernization program for infrastructure that supports foreign exchange settlement. CLS said the first settlement cycle in the new environment handled nearly two million transactions totaling more than $9 trillion. The move is intended to strengthen security, resilience and operat…