TMX Group, which operates Toronto Stock Exchange and key Canadian post-trade infrastructure including the Canadian Depository for Securities (CDS), has become a full member of the Liquidity Alliance, the global association of market infrastructures delivering collateral management services to their markets through a common platform. The Liquidity Alliance is a strategic collaborative platform founded in 2013 by ASX, B3, Clearstream, and Strate.
Its objectives include exchanging information, extending global collateral solutions, and encouraging research through innovative approaches like the ‘LA Ledger’ prototype (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 along with our global peers to facilitate the ambition of seamless collateral mobilisation across borders. We will look to leverage the optimization and mobilisation benefits the Canadian Collateral Management Service will offer domestically to expand these capabilities across borders.”
Marton Szigeti, Head of Collateral, Lending & Liquidity Solutions at Clearstream, added:
“Today more than ever, it is crucial to embrace and advance global collaboration in financial markets and collateral management especially. We warmly welcome TMX Group as a full member of the Liquidity Alliance. Together, we advance financial infrastructure, fostering innovation and resilience in markets worldwide.”
