The move follows the launch of the DTCC’s industry-wide testing phase for 24/5 trading in January 2026, and aligns with wider efforts to expand to extended trading models across the US equities market.
The past week has seen various moves across equities and FX.
The collaboration will provide an end-to-end solution for Al Rajhi Capital, including post-trade, data and trading, and is set to build out the securities finance footprint in Saudi Arabia.
The move also aligns with the upcoming launch of the UK consolidated tape for bonds, set to go live on 22 June, and will support firms looking to connect and prepare for the tape's impact.
Collaboration aims to boost capital efficiency and collateral optimisation as demand for cleared repo grows across Europe.
Taskforce to use rolling three-month CREST settlement averages to establish post-implementation benchmark from October 2027.
BNP Paribas, Citi and CACEIS back initiative to streamline settlement and custody across EU markets.
The move will complement OSTTRA’s existing solutions, which include buy-side trade processing, and will provide clients with greater access to automated, real-time oversight and streamlined operations.
Bourse de Casablanca’s launch is set to support the development of Morocco’s financial ecosystem, and will initially support futures contracts on the MASI.20 index, with further instruments set to follow in the future.
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.