The company will use the new resources to significantly scale operations and accelerate the delivery of a new settlement platform.
Around 70% of the nearly 230 mainland-traded stocks joined MSCI’s emerging markets and global indexes on Friday.
The service is live for clients in France, Germany and Italy, and will be rolled out globally in the coming weeks.
The project has been three years in the making following regional counterparts Hong Kong, Korea and Thailand in making the transition.
Multiple breakthroughs for distributed ledger technology in 10 day span for securities services industry.
Payments Canada, the Bank of Canada and TMX Group conclude that instantaneous equity settlement through distributed ledger technology is “feasible”
Parel will continue to provide DvP settlement services to LCH and direct access to TARGET2 Securities (T2S).
DTCC plans new algorithm to re-engineer night cycle and increase settlement rates going into the next morning.
Euroclear will instead look for an alternative solution to carry out settlement services after the UK leaves the EU.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.