Tag: Clearstream

Panelists at AFME's Post-Trade conference in London argued T2S has failed to lower costs, enhance efficiencies, and overcome post-trade barriers.

Evli Fund Management is the first Finnish asset manager to have successfully onboarded its mutual funds onto the Vestima platform.

Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Leaders in Custody event, next up: the candidates up for Best Innovation in Market Infrastructure.

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's Philippe Seyll explained the taking-off point for the HQLAx platform will be to onboard a major player with tri-party capabilities.