The Canadian Depository for Securities Ltd. (CDS) hub for Canada’s depository, clearing, regulatory, and information needs has completed a major transition away from its legacy mainframe systems, provided by Tata Consultancy Services (TCS), to the TCS BaNCS platform, officials say. According to CDS officials, the just-replaced systems, “while reliable for over twenty years,” became “complex… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
CEO of Blockchain Vendor Digital Asset Steps Down
Digital Asset Board Chairman to Be Acting CEO Digital Asset, a provider of distributed ledger technology (DLT), reports that Blythe Masters, the company’s CEO since 2015, will step down, for unspecified personal reasons. AG Gangadhar, who joined the company’s board of directors in April of this year, has been named board chairman and will serve… Read More >>
