Market Infrastructure

The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.

Clearstream recorded an increase of 7.5% for total revenues at €718 million, driven by net income from its banking business. 

Citi was the first US bank  to offer client swap clearing through Eurex, and eight funds have joined Citi to use the service.

The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.

UK exchange group acquires 4.92% stake in Euroclear as two look to work together on commercial collaboration and product development.

Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.

ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.

The addition will allow Cyprus funds, including Cyprus UCITS and AIFs, to be eligible for order routing, settlement and custody.

Several complications related to corporate actions, differences in tax regimes and securities law between EU member states, have built barriers to entry for T2S.

Ahead of the New Year, we ask industry experts to give their predictions on what to look out for in 2019. Here we assess new and growing asset classes along with how client demands will evolve over the next 12 months.