Clearstream Announces TMX Group's Membership in Global Liquidity Alliance

Clearstream, a leading European provider of post-trade services which is wholly owned by Deutsche Börse, today announced that Canadian exchange operator TMX Group Limited (TMX Group) has become a full member of the Liquidity Alliance.

Founded in 2013 by ASX, B3, Clearstream, and Strate, the Liquidity Alliance functions as a strategic collaborative platform with goals including exchanging information, expanding global collateral solutions, and promoting 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 at TMX Group, stated: "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."

In the middle of last year, TMX Group and Clearstream reached an agreement​ to introduce an automated Canadian Collateral Management Service (CCMS) featuring Canada's first domestic triparty repo capability, which would facilitate optimization and collateralization of securities finance activities throughout the Canadian market.