Tech briefs

CLS adds new Korean shareholders

Two new shareholders have joined CLS Group, which operates the continuous-linked settlement service for forex trades. Adding Korea Exchange Bank and Kookmin Bank brings the total number of shareholders on CLS to 69.

CLS plans to add the Korean won as an eligible unit for settlement on the service in 2004 (FX Week, August 4).

"As a flagship foreign and trade finance bank, [we] will be able to provide a top-rated settlement service to customers under the CLS system

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