TMX Group’s CDS upgrades infrastructure to drive post-trade modernisation
The Canadian clearinghouse’s move replaces certain legacy systems and is set to match the evolving market needs for post-trade.
Post-Trade
Industry engagement strong in Europe ahead of T+1 transition, finds survey
Despite the positive participation, study reveals a limited amount of planned activity in 2025.
BME unveils new FX settlement system
The implementation of settling exchange transactions in a payment versus payment mode has been approved by the Bank of Spain.
Cboe Clear Europe begins clearing of European Securities Financing Transactions
Move comes as Cboe seeks to make the trading of Securities Financing Transactions (SFTs) more capital efficient, especially as regards risk-weighted assets.
Euronext Clearing joins Baton Systems’ Core-Collateral Network
With the addition of Euronext Clearing, Baton’s CCP coverage now includes 96% of initial margin worldwide (as per Public Quantitative Disclosures).
National Securities Clearing Corporation to extend clearing to support extended trading hours
The move is scheduled to be implemented in Q2 2026, subject to regulatory review and approval of any necessary rule changes.
BME implements new reform to bolster Spanish settlement system
The move, coordinated by Iberclear, aims to harmonise the Spanish market with European standards.
EuroCTP taps BlackRock and BNP Paribas for new advisory board members
New additions have collectively held positions at BlackRock, ESMA, Credit Suisse, BNP Paribas, Credit Agricole and Exane.
Miami International Holdings and BSX unveil new trading and settlement platform
New technology platform will utilise MIAX’s proprietary trading, middle- and back-office technology; clearing, settlement and depository technology will be built in conjunction with Vermiculus.
FIA Tech adds block trading capabilities to brokerage settlement platform
Expanded service aims to deliver “much needed” automation to the large and fragmented segment of futures and options trading.