CLS to open Hong Kong office in bid for Asia expansion
Foreign exchange settlement risk mitigation utility CLS is to open an office in Hong Kong as it seeks to expand its reach beyond Europe and the US.
Operational since 2002, CLS today mitigates settlement risk in 17 currencies and is increasingly recognised by regulators as a critical component of the global FX market structure, having been designated a systemically important financial market utility under the US Dodd-Frank Act in 2012.
Until now, CLS has operated mainly in London and New York, in
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