Broker-dealers can reduce post-trade costs by 25% through automation, says DTCC
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
Market Infrastructure
Industry fears slowdown of CSDR preparedness following delay
Panellists at the Network Forum Autumn Meeting echoed fears that plans comply with the rules have been put on hold since the announcement of its delay.
ASX announces a further year delay to post-trade DLT platform
The latest delay will push the project back to April 2023 as the exchange again cites COVID-19 as a cause.
ECB says ‘major incident’ hit TARGET2 system, settlements
ECB confirmed it suffered a major incident that impacted TARGET2 settlements, while T2S liquidity transfers were also affected.
Long-serving BBH custody product head joins DTCC
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
SWIFT seeks industry partner to help curb securities settlement failures
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
Clearstream and LuxSE invest in digital bond issuance platform Origin
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.
NatWest Trustee and Depositary Services snaps up former Morgan Stanley European PB exec
UK-headquartered depositary appoints Morgan Stanley executive to lead customer services and operations.
Clearstream launches new fund distribution support business following Fondcenter acquisition
The new business includes the combination of Clearstream’s existing Fund Desk and will service over $290 billion of assets under administration.
DTCC outlines steps to fully automate $780 billion of physical securities
DTCC stated dematerialisation would reduce the risks and costs associated with manual processing and human touchpoints.