Market infrastructures system provider CLS announces that in a major project, it has completed the migration of its CLSSettlement service, launched in 2002, onto its Unified Services Platform USP.

The transition project, called Convergence, is described in the CLS press release as ”the largest change initiative that CLS has undertaken since the launch of CLSSettlement in 2002”.

“As part of the program, advanced, proven technologies have been implemented to create a more optimized estate, allow greater control of change delivery for its settlement solutions, and provide a single platform to support CLSSettlement, CLSClearedFX and CLSNow,” states the vendor.