Europe may ‘want’ a shift to T+1 but it doesn’t ‘need’ it, says panel
As the US and Canada announce their roadmap to T+1, post-trade experts give their view on Europe making the transition to a shorter settlement cycle.
Market Infrastructure
Canada follows US with move to T+1 for securities settlement
CCMA outlines the benefits of aligning with the US on settlement cycles and announces plans for move in 2024.
DTCC targets first half of 2024 for move to T+1
SIFMA, ICI and DTCC say T+1 shift will occur in 2024 to give firms and regulators enough time to prepare and test.
ASX opens first industry test environment for post-trade DLT platform
The first industry test environment for CHESS will be for software vendors, while market participants, including custodians, will be able to test in April 2022.
Spanish stock exchange leverages Proxymity for digital proxy voting service
Digital investor communications platform facilitates compliance with the Shareholders’ Rights Directive (SRD), already transposed into the Spanish Companies Act.
ASX increases oversight of CHESS Replacement following damning ASIC report on outage
ASIC looks to mitigate risks of future ASX tech upgrades by imposing additional licence conditions on three licences held by the equities exchange.
Market Infrastructure
Fireside Friday with… DTCC’s Jennifer Peve
We go under the hood of the DTCC’s Digital Securities Management (DSM) platform aimed at bringing tokenisation to private market securities and discuss the background and possibilities with Jennifer Peve, managing director, head of strategy and business development.
Alter Domus looks to enhance its European service offering
As part of its €50 million capital investment, the firm plans to build its technology capability, expand its European footprint, and recruit specialised talent.
Euroclear’s Yulan bond structure sees first investment bank issuance in China
Guotai Junan Securities issuance four times oversubscribed on structure launched in December 2020 by Euroclear.
JP Morgan names Clearstream as its sub-custodian for unlisted managed funds processing in Australia and New Zealand
Australia’s largest custodian to utilise Clearstream’s Vestima fund processing platform for unlisted managed funds and hedge funds.