Santiago
25 May 2017
Reporter: Stephanie Palmer

Nasdaq to support Chilean CSD in post-trade tech


Depósito Central de Valores (DCV), the Chilean central securities depository (CSD), has selected Nasdaq’s CSD solution to provide its post-trade technology infrastructure.

Based on the Nasdaq Financial Framework the solution will replace DCV’s existing core system.

The solution offers trade and instruction management, settlement, custody, corporate event management and registry services, and coverage of all securities in multiple currencies.

It also provides settlement support with optimisation algorithms, and the potential to provide facilities for securities lending and borrowing accounting, as well as straight-through processing in line with global standards and market practices.

Fernando Yáñez, CEO of DCV, said: "We believe with the implementation of this new system, we will have more opportunities for growth and diversification in our current services, as well as strengthening our day-to-day operations."

Lars Ottersgård, executive vice president and head of market technology at Nasdaq, added: "As a partner with the DCV on transforming their technology to a next-generation platform, the Nasdaq Financial Framework's open nature will support the future growth and demand of their business, as well as requirements from partners and regulators."

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Trade Informatics releases Peer Analysis tool
20 September 2017 | New York | Reporter: Jenna Lomax
The new addition will provide asset managers with tools to analyse how they compete with other money managers
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Blockchain fund recording platform launches
15 September 2017 | London | Reporter: Theo Andrew
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The Bunker digs in with fintech Sandbox service
15 September 2017 | London | Reporter: Theo Andrew
Sandbox will offer a “secure, flexible, online space” for entrepreneurs to develop and demonstrate products
Smartkarma to provide research through NYFIX Portal
13 September 2017 | Singapore | Reporter: Stephanie Palmer
Asian investment research provider Smartkarma has paired up with Ullink to make its cloud-based platform available through the NYFIX Portal
More technology news