Hellenic Exchanges and Iberclear connect to link up markets

Hellenic Exchanges and Iberclear connect to link up markets

02/07/09

The Central Securities Depositories (CSDs) Hellenic Exchanges (Greece) and Iberclear (Spain) on 29 June successfully connected to Link Up Markets, a joint venture between 8 Central Securities Depositories created to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions in Europe. These connections mark the completion of the second stage of Link Up MarketsĀ“ three-stage launch.

In addition, Link Up Markets has started offering the CSDs the possibility of connecting via the SWIFT network. This connectivity channel allows the CSDs to leverage existing SWIFT infrastructures and to offer their customers consistent end-to-end straight through processing.

Link Up Markets went live on March 30th, with the connection of the CSDs Clearstream Banking Frankfurt (Germany), OeKB (Austria), SIX SIS (Switzerland) and VP (Denmark). Cyprus Stock Exchange and VPS (Norway) will follow in the next stages.