TMX Group becomes member of Liquidity Alliance 27 March 2024Canada Reporter: Carmella Haswell
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Canadian financial services firm TMX has become a full member of the Liquidity Alliance, a global association of market infrastructures, delivering collateral management services to markets through a common platform.
Founded in 2013 by ASX, B3, Clearstream and Strate, the Liquidity Alliance is a strategic collaborative platform.
It aims to exchange information, extend global collateral solutions and encourage research through innovative approaches.
Commenting on the announcement, Steve Everett, head of post trade innovation at TMX Group, says: “We are proud to join the Liquidity Alliance along with our global peers to facilitate the ambition of collateral mobilisation across borders.
“We will look to leverage the optimisation and mobilisation benefits the Canadian Collateral Management Service will offer domestically to expand these capabilities across borders.”
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Image: Rafael_Henrique/stock.adobe.com 