Midas Kapiti announces CLS software solution

MKI''s banking packages to support Continuous Linked Settlement for FOREX deals.

Midas Kapiti International MKI has announced it is developing software that will add support for Continuous Linked Settlement CLS foreign exchange deals to its three banking back-office packages - Equation, Midas and OPICS.

CLS is a new foreign exchange settlement service designed to reduce risk by establishing a Payment-versus-Payment process on a real-time basis. An industry organisation, owned by 63 shareholder banks and registered as the CLS Bank, has been set up to provide...

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