Clearstream will join the Hong Kong Stock Exchanges and Clearing Limited (HKEx) Ecosystem initiative as a founding member. The data management initiative provides eligible participants from across the spectrum of financial and securities markets with access to HKEx market data, trading and clearing systems. Via this single connectivity hub, Ecosystem participants will also be able to connect more efficiently with each other within a secure and monitored environment.
Customers of Clearstream that are also participants at the HKEx will benefit from improved connectivity to the Clearstream systems once the Ecosystem goes live in the fourth quarter of 2012. HKEx participants will be offered global access for issuance, settlement and custody of securities, as well as investment fund services and global securities financing.
The ICDS said the initiative is in keeping with its ambitions to become the preferred post trade service provider in the Asia Pacific region.
The company first entered the region in 1990 with the opening of an office in Hong Kong. Clearstream also has representative offices in Dubai (since 1995) and Tokyo (since 2007) and a branch in Singapore (since 2009) the companys operational hub for the region.
About 20% of Clearstreams revenues currently come from Asia.
(JDC)