Canadian Depository for 兔子先生modernises post trade infrastructure
30 April 2025 Canada
Image: f11photo/stock.adobe.com
The Canadian Depository for 兔子先生(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: 鈥淭he launch of the new platform advances our core technology capability and ultimately strengthens Canada鈥檚 ability to compete for global investment. TMX鈥檚 investment in clearing technology also delivers on our enterprise-wide commitment to ensuring these critical systems are efficient, resilient and adaptive.鈥�
Kevin Sampson, president of CDS, adds: 鈥淭he 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.鈥�
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: 鈥淭he launch of the new platform advances our core technology capability and ultimately strengthens Canada鈥檚 ability to compete for global investment. TMX鈥檚 investment in clearing technology also delivers on our enterprise-wide commitment to ensuring these critical systems are efficient, resilient and adaptive.鈥�
Kevin Sampson, president of CDS, adds: 鈥淭he 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.鈥�
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