CLS Exec Says Blockchain Not Essential To FX Trading Tool

CLS Exec: Blockchain Not Essential To FX Tool | PYMNTS.com

CLS Group, a financial institution providing foreign exchange settlement solutions, has acknowledged that blockchain is not necessarily critical to improving FX trading, despite having invested heavily in the technology. Reports in Coindesk on Tuesday (Oct. 8) said CLS Group Chief Strategy and Development Officer Alan Marquard acknowledged that “blockchain is not essential” for the firm’s CLSNet solution to run, “or even to run well.”