NO 233 – JULY 2012
Half year market highlights

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WFE Focus July 2012
Post trade

Bursa Malaysia offers STP facility

Bursa Malaysia introduced the first phase of the CDS Straight-Through Processing (CDS-STP) facility for its market participants to better manage transactions performed by the Central Depository System account holders. The system will be fully implemented by year-end to allow market participants to receive intraday updates on the changes in shareholding positions as well as to automate data entry on selected CDS transactions. The full-fledged CDS-STP service will reduce manual data-entry, shorten turnaround times and facilitate faster data capturing.

Bursa Malaysia enhances central matching facility for trade settlement

Bursa Malaysia has enhanced its Central Matching Facility, an automated settlement system offering end-to-end electronic matching of trade and settlement details between trading clearing participants (stock broking companies) and non-trading clearing participants (custodian banks). It allows market participants to enhance their back-office settlement operations by increasing the capacity to handle a higher number of pre-matched transactions, minimizing settlement risks and errors and facilitating straight-through processing.

LIFFE terminates clearing relationship agreement with LCH.Clearnet

NYSE Euronext confirmed that its London derivatives market, LIFFE has now given formal notice of termination with respect to the services currently received from LCH.Clearnet under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX’s London-based derivatives clearing service. Subject to regulatory approval, LIFFE intends to expand NYSE Liffe Clearing to commence functioning as a fully integrated central counterparty, NYSE Clearing, from the end of June 2013, including assuming responsibility for default management arrangements, risk management, collateral and treasury activities and banking and payment systems.

SIX to provide access to European settlement platform

The SIX Board of Directors agreed to sign the ECB’s Framework Agreement concerning Europe’s envisaged centralized settlement platform. In signing the agreement, SIX, through SIX Securities Services, will become the first non-EU central securities depository to offer access to the TARGET2-Securities platform. It will enable the Swiss financial center to access Europe’s envisaged centralized settlement platform and the Eurozone markets.

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