Faculty News

Professor Richard Levich explains the role of CLS Group in preserving the financial exchange market during the financial crisis

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Excerpt from Financial News -- “During the crisis, CLS saved the day by making it safe for dealers to put up one leg of a deal and yet be content waiting to receive the second leg of the transaction hours later. It is thanks to CLS that the FX market did not freeze up after Lehman, which happened in other financial markets.”

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