T2S doubles settlement volumes with wave 4 migration
07 February 2017 | 2512 views | 0
Source: European Central Bank
6 February 2016 was the first operational day on T2S for the clients of six central securities depositories (CSDs) from Austria (OeKB CSD), Germany (Clearstream), Hungary (KELER), Luxembourg (LuxCSD), Slovakia (CDCP) and Slovenia (KDD).
Following the successful migration over the weekend, the volume of securities transactions now being settled on the platform has almost doubled. This is the largest T2S migration wave so far, in terms of both the number of CSDs and the increase in settlement volumes.
18 CSDs, representing 16 markets, are now settling securities transactions on the pan-European platform. T2S is thus making a solid contribution to post-trade integration in Europe.