Samsung Securities, a leading South Korean securities company, is now settling FX transactions in CLS via its third party service provider, KEB Hana Bank - South Korea’s largest bank by assets. CP Securities has become the first non - bank financial institution to settle forex transactions through CLS Group 's system . The transaction marks the continuation of the effort by clearing houses and regulators to encourage the use of third - party settlement services , to mitigate settlement risk and underpin financial markets .
CP Securities has become the first non - bank financial institution to settle forex transactions through CLS Group 's system . The transaction marks the continuation of the effort by clearing houses and regulators to encourage the use of third - party settlement services , to mitigate settlement risk and underpin financial markets .