Samsung Securities has become the first non-bank financial institution to settle forex transactions through CLS Group's system. ’s efforts with the South Korean central bank and local FX market participants to provide further mitigation of settlement risk in the country. The settlement is part of a broader effort by CLS, which was founded in 2013, to expand its reach into other areas such as corporate finance and insurance.
Samsung Securities has become the first non-bank financial institution to settle forex transactions through CLS Group's system. The settlement is part of a broader effort by CLS, which was founded in 2013, to expand its reach into other areas such as corporate finance and insurance.