TMX Group, which operates the Toronto Stock Exchange and key Canadian post-trading infrastructure, including the Canadian Depository for Securities (CDS), has become a full member of the Liquidity Alliance, the global association of market infrastructure that provides collateral management services to their markets through common platform. The Liquidity Alliance is a strategic partnership platform established in 2013 by ASX, B3, Clearstream and Strate.
Its goals include sharing information, expanding global collateral solutions and encouraging research through innovative approaches such as the prototype “LA Ledger” (a DLT-based solution for frictionless cross-border collateral transfer).
Steve Everett, Head of Post Trade Innovation, TMX Group said:
“We are proud to join the Liquidity Alliance alongside our global counterparts to facilitate the ambition of seamless collateral mobilization across borders. We will look to leverage the optimization and leverage benefits that the Canadian Collateral Management Service will bring domestically to expand these capabilities across borders.”
Marton Szigeti, Head of Collateral, Lending & Liquidity Solutions at Clearstream, added:
“Today more than ever, it is vital to embrace and promote global cooperation in financial markets and especially in collateral management. We warmly welcome TMX Group as a full member of the Liquidity Alliance. Together, we are advancing financial infrastructure, boosting innovation and resilience in markets worldwide.”