Paxos can settle select US listed equity trades between Credit Suisse and Instinet.
The growth of FX trading in Asian currencies has led to increasing concern about settlement risk.
There are now nine market participants live on CLSNet.
The Investment Association proposes 13 new high-level reject code categories.
An online API app store will allow direct programmatic access to DTCC processing functionality.
The platform enables banks, such as JPMorgan, to cut payments and settlement from days to under three minutes.
Settlement has been integrated with IHS Markit’s ClearPar Custodian Services Messaging.
The first phase of the EU's Securities Financing Transactions Regulation begins in April.
The market needs collateral management solutions that streamline and automate processes.
