Clearstream recorded an increase of 7.5% for total revenues at €718 million, driven by net income from its banking business.
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.
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.
Clearstream recently underwent an organisational restructure and combined its sales, relationship management and client services activities into one joint division.
Clearstream in advanced discussion with global custodians over blockchain securities lending platform
Clearstream's Philippe Seyll explained the taking-off point for the HQLAx platform will be to onboard a major player with tri-party capabilities.
Clearstream has become the first international fund services provider that can directly route orders from eligible Hong Kong institutional investors into Mainland China funds.
Clearstream recently signed two key emerging market sub-custodian deals, one in Romania and the other in Colombia.
The decade-long building and implementation of the pan-European settlement system came under fire at the Sibos expo in Sydney as market participants face up to the realities of the project.
New tokenised collateral system will make a ‘winner out of everyone’ as backers eye ambitious expansion
Tokenised collateral mobility system eyes expansion into cash and new regions ahead of market adoption at the end of the year.