Digital Securities Management (DSM) platform is is expected to go live in early 2022.
Trading and clearing processes for listed derivatives need to be improved.
CSDR introduces cash penalties and buy-ins for securities transactions which fail to settle.
The new product offers FIX allocations, confirmations and trade affirmations.
Firms have an average of 9.1 post-trade processing solutions due to legacy infrastructure.
HSBC MarketSpace allows clients to connect seamlessly to their preferred service providers.
Adoption supports efforts to accelerate the settlement cycle for US equities.
44% of market participants expect equities settlement to be T+1 within five years.
Clients will gain the ability to consolidate matching of multiple asset classes on a single platform.
