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 .
Samsung Securities has become the first non-bank financial institution to settle forex transactions through CLS Group's system. The move 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 stability.