There is increased buy-side demand for a centralized post-trade infrastructure.
There has been more digital transformation in 2010 than the prior five years.
HKEX Synapse has been developed with DTCC and Digital Asset to automate settlement for Stock Connect.
Financial firms aim to uncover value from unstructured data.
The paper noted the importance of maintaining robust controls and protections as Infrastructure is developed.
The deal accelerates Nasdaq's strategy of growing recurring SaaS revenues.
FInancial markets are increasingly reliant on electronification and collaboration tools.
DTCC said global broker-dealers spend $150m to $175m on post-trade services for cash securities.
Clients need greater transparency on routing destination and venue analysis.
