Friday January 27 2017
News Source: Global Exchanges
Focus: Short Selling
Type: General
Country: Hungary
Link: https://english.keler.hu/Strategy/TARGET2-Securities/T2S%20Migration%203-6%20February%202017/
KELER has announced that as of 6 February 2017, KELER will operate as a participant of the Target2-Securities (T2S) settlement platform of the European Central Bank (ECB). As a member of Wave 4 of the international project, KELER joins T2S with the German, Austrian, Slovak, Slovenian, Luxembourg central securities depositories, following the successful implementation of the migration tasks to be completed between 3 February and 5 February. In terms of volume, Wave 4 is the largest, and will channel significantly more transactions into the system than the current T2S transaction volume (about 200 thousand a day); for this reason also it is closely monitored internationally.
Click on the link above for further details.