Maroclear Selects UnaVista for Trade Repository Solution

Maroclear, the Moroccan Central Securities Depository has chosen UnaVista to supply the necessary trade repository technology to sustain Casablanca’s emergence as a financial hub.

The decision was announced by The London Stock Exchange Group (LSEG), whose strategic relationship with Morocco is expected to grow as a direct result of the partnership.

Maroclear will become the first African CSD to implement a trade repository service since the G20 Commitment, having previously signed an assisted registration partnership with LSEG and LSEG’s CSD, Monte Titoli. This initial partnership encouraged Maroclear to provide access to European securities settlement infrastructure.

The trade repository technology which UnaVista will provide, shall be hosted and operated by Maroclear, and will allow firms to fulfil their regulatory duties, in addition to helping identify systemic risk and potential market abuse.

This partnership builds upon the strategic agreement previously established between Morocco and LSEG, across various infrastructure services, which helped to improve the economic relationship between the UK and the emerging economies of North West and Central Africa. Fathia Bennis, CEO, Maroclear has since confirmed the partnership.