TMX Crew’s CDS upgrades infrastructure to force post-trade modernisation

TMX Crew’s wholly owned subsidiary, the Canadian Depository for Securities (CDS) has upgraded its foundational clearing era, as a part of the company’s force to modernise the post-trade revel in.  

John McKenzie

The corporate, which serves as Canada’s equities and stuck source of revenue clearinghouse, designed the brand new infrastructure below its post-trade modernisation initiative (PTM), changing positive legacy programs associated with clearing and agreement, and depository and entitlement bills.  

Thru upgrading the infrastructure, TMX claims that the evolving wishes of market contributors, regulators, buyers, monetary establishments can be higher served with enhanced safety, simplified person interplay, and larger flexibility for long term improvements. 

“Submit commerce modernisation represents a game-changer for Canada’s equities, fastened source of revenue and OTC clearinghouse and a key milestone within the evolution of TMX,” stated John McKenzie, leader govt of TMX Crew. 

“The release of the brand new platform advances our core era capacity and in the long run strengthens Canada’s talent to compete for world funding,” McKenzie endured. “TMX’s funding in clearing era additionally delivers on our endeavor huge dedication to making sure those vital programs are environment friendly, resilient and adaptive.” 

The newly upgraded infrastructure is powered by means of Tata Consultancy Provider’s scalable and requirements compliant clearing and agreement answer, TCS BaNCS for Marketplace Infrastructure.  

The Toronto-based corporate has additionally stated that the brand new platform will supply vital upgrades to vital elements of Canada’s capital markets infrastructure. 

Kevin Sampson, CDS president, stated: “The a hit crowning glory of the complicated PTM challenge is the end result of quite a lot of exhausting paintings by means of a devoted crew right here throughout clearing and era divisions, running in shut collaboration with TCS, and our community of business contributors.”  

The transfer could also be set to construct into fresh projects introduced by means of the company, similar to its Canadian Collateral Control Provider (CCMS) introduced in 2024, which targets to optimise triparty collateral control and cut back operational possibility.  

Learn extra – TMX VettaFi Acquires Credit score Suisse bond index suite from UBS 

Maximum lately, TMX Crew’s subsidiary received Credit score Suisse bond indices from UBS in February 2025, in a push to strengthen its fastened source of revenue index functions.