The move to a two-day settlement cycle is expected to help reduce overall systemic risk, enhance capital efficiency and reduce costs
The CCMA plans to provide status updates on the transition during the Labour Day weekend and help firms deal with any unexpected issues that may arise
The Canadian Capital Markets Association has issued a notice indicating that the Canadian securities industry is set to become a global leader in improving the speed of clearing and settling trades.A new national rule, National Instrument 24-101 — Institutional Trade Matching (ITM) and Settlement, compels the securities industry to focus on automation and connectivity to […]
Will oversee day-to-day operations
July 2007 goal allows for phased-in approach
CCMA to focus on institutional trade matching
O'Mahoney succeeds MacMillan
Extends comment period
Automating data flow key to lowering costs, risks
Key first milestone in straight through processing initiative