Clearstream has gone live with Proxymity’s digital proxy voting service Vote Connect across nine European markets.
Vote Connect provides ‘issuer golden source’ meeting announcements and allows for real-time communication between issuers, intermediaries and investors. This makes the entire ecosystem faster, more accurate and more transparent, Proxymity says.
Through the solution, the company aims to resolve current issues around proxy voting, whereby shareholders are often unable to engage with companies, it says.
Clearstream’s adoption of Vote Connect follows news earlier this year that both J.P. Morgan and Citi Securities Services have launched the solution in Denmark and Australasia, respectively.
Sam Riley, head of Clearstream Securities Services, says: “At Clearstream, we always seek to optimise our clients’ experience throughout the whole securities life cycle. With Proxymity, we are seeking to provide the best in digital proxy voting solutions, driving transparency and increasing efficiency in the European capital markets.”
Dean Little, CEO and co-founder of Proxymity, adds: “We continue to develop our long-standing partnership with Clearstream and the Deutsche Börse Group, following on from the rollout of our Shareholder ID solution earlier in the year.
“This is another milestone for Proxymity as we expand our market coverage, introducing of Vote Connect into the Baltic Markets and increasing our overall global footprint.”
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