Nasdaq CSD appoints Clearstream as its gateway to T2S markets
10 September 2024 Europe
Image: Timon/stock.adobe.com
Nasdaq CSD has chosen Clearstream as its gateway to access all securities eligible within TARGET2-Securities (T2S).
Nasdaq CSD will now access the T2S markets via Clearstream’s German central securities depository (CSD). This is said to ensure better harmonisation of asset servicing across T2S CDCs and enhanced liquidity management.
The firms further say this collaboration aims to remove post-trade service barriers in Europe and will deliver cross-border efficiencies to reduce costs for corporations and investors.
Samuel Riley, CEO of Clearstream Securities Services, comments: “Clearstream and Nasdaq share the strong commitment to connecting markets globally. The move allows Nasdaq CSD to offer its participants access to a trusted link network that fulfils the entire range of regulatory and compliance requirements surrounding CSDR whilst providing an efficient, flexible platform.”
Indars AšCuks, CEO of Nasdaq CSD, adds: “This pioneering collaboration with Clearstream not only provides immediate benefits to both Baltic investors and Nasdaq CSD participants but also represents a significant step towards more integrated financial markets in Europe.”
Nasdaq CSD will now access the T2S markets via Clearstream’s German central securities depository (CSD). This is said to ensure better harmonisation of asset servicing across T2S CDCs and enhanced liquidity management.
The firms further say this collaboration aims to remove post-trade service barriers in Europe and will deliver cross-border efficiencies to reduce costs for corporations and investors.
Samuel Riley, CEO of Clearstream Securities Services, comments: “Clearstream and Nasdaq share the strong commitment to connecting markets globally. The move allows Nasdaq CSD to offer its participants access to a trusted link network that fulfils the entire range of regulatory and compliance requirements surrounding CSDR whilst providing an efficient, flexible platform.”
Indars AšCuks, CEO of Nasdaq CSD, adds: “This pioneering collaboration with Clearstream not only provides immediate benefits to both Baltic investors and Nasdaq CSD participants but also represents a significant step towards more integrated financial markets in Europe.”
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