FX news: CLS scores twice with Nomura
CLS announced today that Nomura has become the 61st shareholder and settlement member of CLS Group after being a third-party member for many years.
As a shareholder, Nomura will have a vote in the governance of CLS. As a settlement member, they have a multi-currency account with CLS and can submit payment instructions relating to their own FX transactions, as well as their customers.
Richard Gladwin, head of global FX at Nomura, says: “As a leading investment bank and global foreign exchange broker, Nomura is committed to growth and the ongoing evolution of its risk management and operational efficiency programmes. Becoming a shareholder and settlement member of CLS provides an important step towards this goal and ensures Nomura continues to offer the best possible proposition for its clients and investors.”