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

A-Team Insight Briefs

CDS Implements Clearing Technology Upgrade to Modernise Post-Trade Infrastructure

Subscribe to our newsletter

The Canadian Depository for Securities Limited (CDS), a subsidiary of TMX Group, has completed a major upgrade to its clearing and settlement technology as part of its Post Trade Modernisation (PTM) initiative. The changes replace legacy systems used for clearing, settlement, depository services, and entitlement payments.

The upgrade is powered by TCS BaNCS for Market Infrastructure, a high-performance platform developed by Tata Consultancy Services. The implementation marks a significant step in enhancing the resilience and scalability of Canada’s capital markets infrastructure, according to John McKenzie, CEO, TMX Group, who commented: “Post trade modernisation represents a game-changer for Canada’s equities, fixed income and OTC clearinghouse and a key milestone in the evolution of TMX. The launch of the new platform advances our core technology capability and ultimately strengthens Canada’s ability to compete for global investment. TMX’s investment in clearing technology also delivers on our enterprise wide commitment to ensuring these critical systems are efficient, resilient and adaptive.”

The new system is also designed to support recent initiatives, including the Canadian Collateral Management Service, introduced in 2024.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

As the Latest FPGA Technology from AMD Sets the Gold Standard, where Next for Ultra-Low Latency Trading?

Earlier this summer, AMD achieved a world-record STAC-T0 benchmark result1 with its FPGA designed for ultra-low latency trading, the AMD Alveo UL3524 FinTech accelerator card, and has now just launched a new card with equivalent performance but half the size, geared towards even broader adoption among high-frequency trading firms. STAC benchmarks are the accepted industry...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...