Canadian Depository for Securities modernises post trade infrastructure
30 April 2025 Canada
Image: f11photo/stock.adobe.com
The Canadian Depository for Securities (CDS), a subsidiary of TMX Group, has upgraded its foundational clearing technology, as part of its post trade modernisation initiative.
The new platform will replace certain legacy systems related to clearing and settlement, as well as depository and entitlement payments, and will power the Canadian Collateral Management service.
John McKenzie, CEO of TMX Group, comments: “The launch of the new platform advances our core technology capability and ultimately strengthens Canada’s ability to compete for global investment. TMX’s investment in clearing technology also delivers on our enterprise-wide commitment to ensuring these critical systems are efficient, resilient and adaptive.”
Kevin Sampson, president of CDS, adds: “The successful completion of the complex post trade modernisation project is the culmination of a great deal of hard work by a dedicated team here across clearing and technology divisions.”
The new platform will replace certain legacy systems related to clearing and settlement, as well as depository and entitlement payments, and will power the Canadian Collateral Management service.
John McKenzie, CEO of TMX Group, comments: “The launch of the new platform advances our core technology capability and ultimately strengthens Canada’s ability to compete for global investment. TMX’s investment in clearing technology also delivers on our enterprise-wide commitment to ensuring these critical systems are efficient, resilient and adaptive.”
Kevin Sampson, president of CDS, adds: “The successful completion of the complex post trade modernisation project is the culmination of a great deal of hard work by a dedicated team here across clearing and technology divisions.”
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