SIX has launched a new clearing platform for the Nordic Markets to enable the clearing of 10 million trade legs per day, with SIX expecting an increase in the number of cleared trades going forward
DTCC has blocked Russian securities from the Bank of Russia and The Ministry of Finance of the Russian Federation in response to the Russian invasion of Ukraine
The initiative would see India become the first market to accelerate its equities settlement cycle from T+2 to T+1
US regulator votes for clearing and settlement amendments, including T+1 settlement, same-day affirmation and improved STP rates. It asks, through public consultation, whether the market is now ready for next-day or same-day settlement
The European Commission has confirmed that it will extend equivalence for UK central counterparties through to 30 June 2025 and will enhance measures to build central clearing capacity in the EU
IHS Markit has partnered with Alpha Financial Software to deliver automated US agency mortgage-backed securities clearance and settlement through IHS Markit’s thinkFolio investment management service
Euroclear Bank, the Brussels-based international central securities depository, is to join the European Central Bank’s TARGET2-Securities settlement system, following an agreement signed with the ECB and the eurosystem central banks on 21 December
