TMX Group Ushers in a New Era in Canada's Markets with Post Trade Modernization
TMX Group has implemented major upgrades to Canada's clearing technology infrastructure through its post trade modernization (PTM) initiative. The upgrade, launched by the Canadian Depository for Securities (CDS), replaces legacy systems for clearing, settlement, depository, and entitlement payments.
The new platform is powered by TCS BaNCS for Market Infrastructure, provided by Tata Consultancy Services. This technology upgrade strengthens Canada's position in global markets and supports recent initiatives like the Canadian Collateral Management Service launched in 2024.
According to John McKenzie, TMX Group CEO, this modernization is a game-changer for Canada's equities, fixed income, and OTC clearinghouse, enhancing the country's ability to compete for global investment. The project was completed through collaboration between CDS's clearing and technology divisions, TCS, and industry participants.
TMX Group ha realizzato importanti aggiornamenti all'infrastruttura tecnologica di compensazione del Canada tramite la sua iniziativa di modernizzazione post-trade (PTM). L'aggiornamento, avviato dal Canadian Depository for Securities (CDS), sostituisce i sistemi legacy per la compensazione, il regolamento, il deposito e i pagamenti dei diritti.
La nuova piattaforma è alimentata da TCS BaNCS per l'Infrastruttura di Mercato, fornita da Tata Consultancy Services. Questo miglioramento tecnologico rafforza la posizione del Canada nei mercati globali e supporta iniziative recenti come il Canadian Collateral Management Service lanciato nel 2024.
Secondo John McKenzie, CEO di TMX Group, questa modernizzazione rappresenta una svolta per la compensazione di azioni, reddito fisso e OTC in Canada, migliorando la capacità del paese di competere per gli investimenti globali. Il progetto è stato completato grazie alla collaborazione tra le divisioni di compensazione e tecnologia del CDS, TCS e i partecipanti del settore.
TMX Group ha implementado importantes mejoras en la infraestructura tecnológica de compensación de Canadá a través de su iniciativa de modernización post-comercio (PTM). La actualización, lanzada por el Canadian Depository for Securities (CDS), reemplaza los sistemas heredados para compensación, liquidación, depósito y pagos de derechos.
La nueva plataforma está impulsada por TCS BaNCS para Infraestructura de Mercado, proporcionada por Tata Consultancy Services. Esta actualización tecnológica fortalece la posición de Canadá en los mercados globales y respalda iniciativas recientes como el Canadian Collateral Management Service lanzado en 2024.
Según John McKenzie, CEO de TMX Group, esta modernización es un cambio radical para la cámara de compensación de acciones, renta fija y OTC de Canadá, mejorando la capacidad del país para competir por inversiones globales. El proyecto se completó mediante la colaboración entre las divisiones de compensación y tecnología de CDS, TCS y participantes de la industria.
TMX 그룹은 포스트 트레이드 현대화(PTM) 이니셔티브를 통해 캐나다 청산 기술 인프라에 대대적인 업그레이드를 시행했습니다. 이 업그레이드는 Canadian Depository for Securities (CDS)가 주도했으며, 청산, 결제, 예탁 및 권리 지급을 위한 기존 시스템을 대체합니다.
새 플랫폼은 Tata Consultancy Services가 제공하는 TCS BaNCS 시장 인프라 솔루션을 기반으로 합니다. 이 기술 업그레이드는 캐나다의 글로벌 시장 내 입지를 강화하고 2024년에 출시된 Canadian Collateral Management Service와 같은 최근 이니셔티브를 지원합니다.
John McKenzie TMX 그룹 CEO에 따르면, 이번 현대화는 캐나다의 주식, 채권 및 OTC 청산소에 있어 게임 체인저로 작용하며, 국가의 글로벌 투자 경쟁력을 향상시킵니다. 이 프로젝트는 CDS의 청산 및 기술 부서, TCS, 업계 참여자 간의 협력을 통해 완성되었습니다.
TMX Group a réalisé d'importantes mises à niveau de l'infrastructure technologique de compensation du Canada dans le cadre de son initiative de modernisation post-négociation (PTM). Cette mise à niveau, lancée par le Canadian Depository for Securities (CDS), remplace les systèmes hérités pour la compensation, le règlement, la conservation et les paiements des droits.
La nouvelle plateforme est propulsée par TCS BaNCS pour l'infrastructure de marché, fournie par Tata Consultancy Services. Cette amélioration technologique renforce la position du Canada sur les marchés mondiaux et soutient des initiatives récentes telles que le Canadian Collateral Management Service lancé en 2024.
Selon John McKenzie, PDG de TMX Group, cette modernisation est une révolution pour la chambre de compensation des actions, des titres à revenu fixe et des OTC au Canada, améliorant la capacité du pays à rivaliser pour les investissements mondiaux. Le projet a été réalisé grâce à la collaboration entre les divisions de compensation et de technologie du CDS, TCS et les acteurs du secteur.
TMX Group hat im Rahmen seiner Post-Trade-Modernisierungsinitiative (PTM) umfangreiche Upgrades der Clearing-Technologieinfrastruktur Kanadas umgesetzt. Das Upgrade, initiiert vom Canadian Depository for Securities (CDS), ersetzt veraltete Systeme für Clearing, Abwicklung, Depot und Anspruchszahlungen.
Die neue Plattform basiert auf TCS BaNCS für Marktinfrastruktur, bereitgestellt von Tata Consultancy Services. Dieses Technologie-Upgrade stärkt Kanadas Position auf den globalen Märkten und unterstützt jüngste Initiativen wie den im Jahr 2024 gestarteten Canadian Collateral Management Service.
Laut John McKenzie, CEO der TMX Group, ist diese Modernisierung ein Wendepunkt für Kanadas Aktien-, Festzins- und OTC-Clearingstelle und verbessert die Wettbewerbsfähigkeit des Landes im globalen Investmentmarkt. Das Projekt wurde durch die Zusammenarbeit der Clearing- und Technologiebereiche von CDS, TCS und Teilnehmern der Branche realisiert.
- Major technology upgrade of CDS clearing infrastructure, strengthening TMX's competitive position
- Implementation of TCS BaNCS platform enhances performance, scalability, and compliance capabilities
- Successfully launched Canadian Collateral Management Service in 2024
- Critical infrastructure modernization improves TMX's ability to attract global investment
- Significant capital expenditure required for technology modernization
- Complex transition period as legacy systems are replaced
CDS, Canada's equities and fixed income clearinghouse, introduces major upgrades to critical infrastructure designed to better serve global client base
Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - The Canadian Depository for Securities Limited (CDS), a wholly-owned subsidiary of TMX Group Limited (TMX Group), this week implemented upgrades to CDS's foundational clearing technology, designed under its post trade modernization initiative (PTM), which includes the replacement of certain legacy systems related to clearing and settlement, as well as depository and entitlement payments.
"Post trade modernization represents a game-changer for Canada's equities, fixed income and OTC clearinghouse and a key milestone in the evolution of TMX," said John McKenzie, CEO, TMX Group. "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. Above all, we are grateful for the contribution of our stakeholders in helping to vault Canada's markets to the front of the global pack."
Powered by TCS BaNCSTM for Market Infrastructure, an industry leading high performance, scalable and standards compliant clearing and settlement solution provided by Tata Consultancy Services (TCS), the new platform represents a significant upgrade to critical components of Canada's capital markets infrastructure and will serve to power recent initiatives, including the Canadian Collateral Management Service, launched in 2024.
"The successful completion of the complex PTM project is the culmination of a great deal of hard work by a dedicated team here across clearing and technology divisions, working in close collaboration with TCS, and our network of industry participants," said Kevin Sampson, President, CDS. "I want to extend my sincere thanks to our team and to our valued stakeholders for stepping up to work alongside us to deliver a new, leading-edge solution to strengthen Canada's capital markets ecosystem."
For more information about PTM, please visit CDS - Modernizing the Post Trade Experience.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.
For more information please contact:
Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250194
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