Business
TMX Group and Clearstream Announce Plans to Launch New Canadian Collateral Management Service
TMX Group and Clearstream Announce Plans to Launch New Canadian Collateral Management Service ...
About this update from Tmx Group Ltd.
[{"type":"text","content":"\n \n \n \n TMX Group and Clearstream Announce Plans to Launch New Canadian Collateral Management Service\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TMX,\n \n Canada's\n \n premier exchange group, collaborating with leading global post-trade provider Clearstream to develop a tailored solution for\n \n Canada's\n \n markets\n \n \n \n \n \n TMX and European post-trade services provider Clearstream join forces to launch Canadian Collateral Management Service (CCMS)\n \n \n Exclusive domestic tri-party repo capability to increase liquidity and minimize exposure risk\n \n \n Platform launch planned for third quarter of 2023\n \n \n \n \n \n TORONTO\n \n and\n \n LUXEMBOURG\n \n \n ,\n \n \n May 24, 2023\n \n \n /CNW/ - TMX Group Limited (TMX Group) and Clearstream Banking S.A. (Clearstream), the international central securities depository of Deutsche Börse Group, today announced plans to launch a new, automated Canadian Collateral Management Service, or CCMS. Together, TMX Group and Clearstream are working to leverage the combined strength of their complementary services to develop and deliver the CCMS, which will include the introduction of\n \n Canada's\n \n first domestic triparty repo capability.\n \n \n \"We are pleased to work together with Clearstream, a world-leader in post-trade infrastructure and securities services in pursuit of a customized mobility and liquidity solution for\n \n Canada's\n \n secured finance industry,\" said\n \n John McKenzie\n \n , Chief Executive Officer of TMX Group. \"In keeping with our purpose to make markets better and empower bold ideas, TMX is firmly committed to seeking out innovative, workable solutions to client challenges and strengthening\n \n Canada's\n \n financial ecosystem. The new CCMS will enable our clients to better meet the continuously evolving collateral requirements of today's markets, while supporting the growth of repos as an investment product for Canadian buy and sell side clients.\"\n \n \n \n Sam Riley\n \n , Chief Ex...