Canada’s Clearinghouse Modernizes Infrastructure
Canada’s central securities depository, CDS, has rolled out significant upgrades to its core clearing and settlement systems as part of its post-trade modernization initiative. The overhaul replaces legacy infrastructure with advanced technology designed to enhance service for global market participants.
"This transformation represents a quantum leap for Canada’s capital markets infrastructure," said TMX Group CEO John McKenzie. The upgrades align with TMX’s strategic CORE technology roadmap, positioning the exchange operator for future growth in equities, fixed income, and OTC derivatives clearing.