In QGIS, I can use image filters / color rendering to adjust the display of WMS Layers (see image below). This is very useful, since WMS Layers are images and there symbology cannot be changed.
In ArcMap I found the option to remove a background color, but other than that, I don't see any options to change how the layer is displayed. Is it possible to do something like "Multiply-Rendering" with WMS Layers in ArcMap?