About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Euroclear Finalises Acquisition of Xtrakter

Subscribe to our newsletter

Following the announcement of its acquisition of Xtrakter in November last year, Euroclear has finally closed the deal. The international central securities depository (ICSD) operator has purchased the International Capital Market Association (ICMA) subsidiary, which operates the Trax trade matching and reporting platform, with a view to creating synergies between Trax and its own OTC trade matching and routing service provided by Euroclear UK & Ireland.

Xtrakter is now a wholly owned subsidiary of Euroclear and a sister company to the Euroclear group’s international and national CSDs, and EMXCo. Tim May, chairman of Euroclear UK & Ireland, has become chairman of Xtrakter.

Ignace Combes, deputy CEO of Euroclear, says: “Our joint efforts will make it possible to automate trade information flows from matching, using the Trax system, through to settlement at Euroclear. We will eliminate fragmentation and trade matching duplication, while reducing costs and settlement fails.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for data lineage and metadata management to support evolving data operations

Data lineage is key to tracking data from source to consumption and any changes to the data along the way. Metadata management provides governance and control, ensuring high quality, consistent and accurate data across a financial institution. It can be used at all levels of an organisation from the C-suite to data stewards, analysts and...

BLOG

Challenges and Opportunities of Achieving a 360-Degree View of Risk

Achieving a 360-degree view of risk is a challenge, but can be achieved by taking a holistic approach to risk that embeds necessary data within a firm’s corporate structure and makes it accessible to all parts of the enterprise. Integrating data in this way enables all parts of the business to work in unison towards...

EVENT

Regulatory Reporting Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its Regulatory Reporting Briefing taking place in New York and focusing on: Best practices for regulatory reporting with RegTech

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...