LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Deutsche Boerse’s Clearstream just announced that phase 2 of the Bridge enhancements will be effective on 19 June 2017. The main goal will be to further improve the matching process to near real-time and to almost triple the number of inter-ICSD settlement transmissions.
These enhancements will be brought about by the introduction of a rolling matching file (ACE) exchange pattern that will increase the frequency to near real-time. Customers will benefit from faster matching results thus enabling better cash management.
In addition, the implementation of second level matching will further improve matching efficiency.
Customers will also benefit from:
- Increasing the inter-ICSD settlement transmissions from 17 to 48;
- An extension of the Bridge settlement between both ICSDs from 18:30 CET to 19:05 CET; and
- Enhanced settlement periods and deadlines.