Modernizing for the Future
TMX-CDS is implementing Post Trade Modernization, an initiative to upgrade the critical infrastructure that underpins the Canadian capital markets' clearing, settlement and depository functions. Modernization efforts involve replacing CDS legacy applications with world-class technology solutions to deliver an effective, reliable, and transparent post-trade experience.
Why Modernize Post Trade Solutions?
While reliable for over twenty years, the current systems have become complex and challenging to maintain. Post Trade Modernization seeks to enhance security, simplify user interaction, and offer greater flexibility for future enhancements to better serve the evolving needs of marketplace participants, regulators, investors, financial institutions, and more. Modernization ensures Canada’s financial market infrastructure remains secure, reliable and efficient.
Benefits of Post Trade Modernization
The new technology platform is built to provide the exceptional reliability and security that market participants have come to expect from TMX-CDS while driving greater efficiency, responsiveness and flexibility.
Enhanced Security
Robust security technology integrations and advanced resiliency management features to protect sensitive information.
Improved User Experience
A modern, intuitive digital interface that replaces the outdated green screens for more accessible and efficient navigation.
Online Support
Online functional E-learning modules available for reference and to expedite training.
Greater Flexibility
Faster and more cost-effective system changes to support compliance with global standards, cloud, data analytics and machine learning.
Better Reporting
Dynamic and self-serve reporting options, enabling customization to meet our client's specific needs.
Standardization
ISO standardized SWIFT messages and standardized reporting tools support greater efficiency.
CDS Post Trade Modernization - Full Timeline
Get Involved with the Post Trade Modernization Initiative
The implementation effort requires significant coordination of activities amongst TMX-CDS, its clearing and settlement Participants, service providers, and regulators. CDS continues to engage Participants through Industry committees and working groups, as well as in one-on-one meetings and group forums, where required throughout the project’s implementation.
If you have any questions regarding the Post Trade Modernization engagement process, please contact CDSPTM@tmx.com.