Argentina’s CSD successfully launches new post-trade platform
11 January 2024 Argentina
Image: Dudarev Mikhail/stock.adobe.com
Argentina’s Central Securities Depository (CSD), Caja de Valores, has launched a new technology platform using Nasdaq’s CSD technology.
The platform has been designed to enhance the resilience, capacity and speed of the CSD, and is able to process more than 1,000 settlements per second. This is more than 300 times faster than the previous system, allowing the organisation both to meet current operational requirements and future-proof itself.
The core version of the updated platform went live in September 2023, with additional asset classes and functionality incorporated before its formal January 2024 launch.
Gonzalo Pascual Merlo, owner of Caja de Valores, says: ”Like many countries around the world, Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. At the Buenos Aires Stock Exchange we have prepared for this scenario with a new custody system which responds to the needs of our market."
Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, adds: “CSDs play a vital role at the heart of the capital markets ecosystem and are increasingly demanding agile infrastructure to respond to incoming regulations, adapt to changing market conditions, and capitalise on emerging growth opportunities. The development of global CSD infrastructure is vital to keep pace with the rapidly changing investment landscape.”
The platform has been designed to enhance the resilience, capacity and speed of the CSD, and is able to process more than 1,000 settlements per second. This is more than 300 times faster than the previous system, allowing the organisation both to meet current operational requirements and future-proof itself.
The core version of the updated platform went live in September 2023, with additional asset classes and functionality incorporated before its formal January 2024 launch.
Gonzalo Pascual Merlo, owner of Caja de Valores, says: ”Like many countries around the world, Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. At the Buenos Aires Stock Exchange we have prepared for this scenario with a new custody system which responds to the needs of our market."
Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, adds: “CSDs play a vital role at the heart of the capital markets ecosystem and are increasingly demanding agile infrastructure to respond to incoming regulations, adapt to changing market conditions, and capitalise on emerging growth opportunities. The development of global CSD infrastructure is vital to keep pace with the rapidly changing investment landscape.”
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