Nasdaq to Consolidate European CSD Business
- Nasdaq CSD Iceland and Nasdaq CSD SE will merge to create Nasdaq CSD.
Nasdaq, an exchange operator, announced this Monday that it will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
The combined company will be called Nasdaq CSD SE, and it will operate in Latvia, Estonia, Lithuania and Iceland. The central securities depository of the exchange operator was the first central securities depository was the first in Europe to acquire an operating license, according to the European Central Securities Depository Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (CSDR).
Following the merger, the company's Icelandic branch will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the exchange operator's securities settlement platform. According to the statement released today, the migration of the securities settlement platform is expected to be fully implemented on the 15th of June 2020.
Commenting on the merger, Magnus Asgeirsson, Head of Nasdaq CSD Iceland said in the statement: “Today marks a great milestone for our clients in the Icelandic market as we join Nasdaq CSD and subsequently enter into an international securities settlement environment.”
“This is by far the most significant infrastructural and technological upgrade the Icelandic securities market has gone through in the past 20 years and will enable us to embrace and advance new innovation in this field for the benefit of our clients.“
Indars Ascuks remains CEO after Nasdaq merger
Indars Ascuks, the Chief Executive Officer (CEO) of Nasdaq CSD will stay on as the CEO of the combined company after the merger. Furthermore, Magnus Asgeirsson will join the Management Board of the combined entity. Asgeirsson will continue to lead the Icelandic operations of the Nasdaq CSD group.
“The post-trade environment is changing rapidly and we need to make sure that customers and investors in our markets have access to best-in-class products and services at any given time,” added Indars Ascuks, CEO of Nasdaq CSD in the statement.
“By combining our operations with Nasdaq CSD Iceland we create a larger, more diverse and efficient CSD for our clients, making us better equipped to deliver outstanding customer experience and attract more international customers.”
Nasdaq, an exchange operator, announced this Monday that it will be consolidating its central securities depository business in Europe, by merging Nasdaq CSD Iceland with Nasdaq CSD SE.
The combined company will be called Nasdaq CSD SE, and it will operate in Latvia, Estonia, Lithuania and Iceland. The central securities depository of the exchange operator was the first central securities depository was the first in Europe to acquire an operating license, according to the European Central Securities Depository Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (CSDR).
Following the merger, the company's Icelandic branch will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the exchange operator's securities settlement platform. According to the statement released today, the migration of the securities settlement platform is expected to be fully implemented on the 15th of June 2020.
Commenting on the merger, Magnus Asgeirsson, Head of Nasdaq CSD Iceland said in the statement: “Today marks a great milestone for our clients in the Icelandic market as we join Nasdaq CSD and subsequently enter into an international securities settlement environment.”
“This is by far the most significant infrastructural and technological upgrade the Icelandic securities market has gone through in the past 20 years and will enable us to embrace and advance new innovation in this field for the benefit of our clients.“
Indars Ascuks remains CEO after Nasdaq merger
Indars Ascuks, the Chief Executive Officer (CEO) of Nasdaq CSD will stay on as the CEO of the combined company after the merger. Furthermore, Magnus Asgeirsson will join the Management Board of the combined entity. Asgeirsson will continue to lead the Icelandic operations of the Nasdaq CSD group.
“The post-trade environment is changing rapidly and we need to make sure that customers and investors in our markets have access to best-in-class products and services at any given time,” added Indars Ascuks, CEO of Nasdaq CSD in the statement.
“By combining our operations with Nasdaq CSD Iceland we create a larger, more diverse and efficient CSD for our clients, making us better equipped to deliver outstanding customer experience and attract more international customers.”