14 November 2017
Luxembourg
Reporter: Jenna Lomax

AI can lead us to harmony, says Clearstream


New waves of technology, such as artificial intelligence and blockchain could support the market in overcoming barriers to harmonisation, according to Clearstream.

In its October data report, Clearstream claimed that these new technological developments, will also help to deliver efficiency gains and support risk mitigation.

The international central securities depository (ICSD) said that the biggest challenge going forward will be to find the correct means of collaborating with new business models and innovative technologies.

Marc Robert-Nicoud, CEO of the ICSD at Clearstream spoke at a panel discussion on the digital transformation of the industry at the University of Luxembourg this week.

He said: “We at Deutsche Boerse believe that the market should embrace new technology and try to understand its potential in addressing industry needs. The better the quality of our technology, the more we can support the regulatory agenda and the better we can serve our clients and the real economy.”

“Our goal is to shape a next-generation organisation that ensures a robust capital market infrastructure for the benefit of our clients.”

Clearstream also stated that technological innovations would not just be limited to post trade.

The report continued: “Market infrastructure providers are well positioned to explore the potential of new technologies throughout the value chain from issuance, through trading, to clearing and settlement.”

In its data report, Clearstream revealed that its global securities financing outstanding volume dropped by 10 percent in October, compared to the same time in 2016.

Volume outstanding fell to €444.1 billion last month from €491 billion in 2016.

Year-to-date volume outstanding was down 11 percent from €521.1 billion in 2016 to €462.1 billion as of last month.

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