The band gets back together for complex T+1 shift in the US
SIFMA, ICI and DTCC reprise their roles from the mid-2010s in shortening the US securities settlement cycle, this time to T+1.
Market Infrastructure
Euroclear signs off eventful quarter with AUC increase, profit drop
Busy quarter of product launches and post-Brexit moves culminates in uptick across some business lines and assets under custody, despite profit dip.
Leading member of DTCC’s Omgeo and ALERT utility departs
The ALERT utility has been regarded as one of the most successful industry utilities adopted within the post-trade space.
Euroclear rolls out new shareholder identification service following SRD II introduction
InvestorInsight is a cloud-based service for issuers and intermediaries across three of Euroclear’s CSDs.
HKEX appoints SWIFT’s former head of capital markets strategy to key post-trade role
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
Clearstream receives CSDR license for ICSD business
It is the third Clearstream CSD to receive licenses under CSDR, following authorisation of its German and Luxembourg-based businesses.
Paxos completes same-day settlement in US equities market for Credit Suisse and Instinet
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
Euroclear UK & Ireland announces new euro settlement model
Move will enable the CSD to provide central bank money settlement in euros, pounds sterling and US dollar.
DTCC processes 10 million SSIs as part of industry effort to minimise settlement failures
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
Euroclear to acquire digital fund distribution platform MFEX
Combined with FundSettle, Euroclear said the acquisition of the fast-growing platform will create a new funds market utility and a leading global provider of fund services.