Clearstream to close one of its IT hosting solutions
Latest news
Clearstream to close one of its IT hosting solutions 30 July 2019Luxembourg Reporter: Jenna Lomax
Image: Shutterstock
Clearstream is expected to close one of its Luxembourg-based IT hosting solutions.
Clearstream explained that the loss of net revenue resulting from termination of the third-party services business in the Clearstream (post-trading) segment was balanced by consolidation effects from the acquisitions of GTX in its foreign exchange segment, and Swisscanto in the investment fund services segment.
Commenting on the decision, a Clearstream spokesperson said: “The third-party services business refers to IT hosting solutions that Clearstream performed for a few customers. The termination of this small business reflects a sharpening of Clearstream’s business focus.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 