CLS' De Feo Looks Ahead
DWT SIBOS SPECIAL REPORT
As CLS enters its third year, CEO Joseph De Feo—who will be speaking at Sibos— discusses his plans for expansion.
Two years ago, the CLS Group launched the world's first global settlement service for foreign exchange (FX) transactions.
Following several other aborted efforts to tackle Herstatt, or temporal settlement risk, the successful launch of continuous-linked settlement (CLS) was an achievement few in the FX industry thought possible.
Since its September 2002 launch, however, the service has
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