Lisa Danino-Lewis, Chief Growth Officer, CLS, commented, “We are delighted to welcome Taipei Fubon Bank, our first Taiwanese bank, to the CLSNet global network. This latest addition underscores the growing focus from FX market participants on the importance of risk mitigation, operational efficiency and liquidity management. At CLS, we are committed to growing CLSNet and are excited to further expand our services in the Asia Pacific region.”

James Wang, Head of Operations, Taipei Fubon Bank said: “By becoming a participant in CLSNet, we will be able to access unparalleled levels of standardization and centralization in our post-trade processes. Furthermore, joining the service enhances our operational efficiencies, reduces risk and lowers our costs.”