Clearstream GSF drops in November 20 December 2017Frankfurt Reporter: Zsuzsa Szabo
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Clearstream鈥檚 global securities financing average volume fell by 8 percent in November, compared to the same time in 2016.
The clearinghouse recorded 鈧�450.2 billion in outstanding volume for the month, down from 鈧�487.2 billion during the same the period 2016.
Year-to-date volume was also down 11 percent, hitting 鈧�461 billion outstanding last month.
Jeffrey Tessler, Deutsche Boerse Group board member and chairman of the group鈥檚 post-trade services provider at Clearstream, said: 鈥�2017 was about reshaping and harmonising Europe鈥檚 fragmented post-trade landscape to create a level playing field for all market participants.鈥�
Tessler added: 鈥�2018 will be all about equipping our clients to compete and succeed in this new environment.鈥�
鈥淲e are harmonising our connectivity channels, modernising our custody network and improving our asset servicing and collateral management, despite the regulatory burden and the uncertainty they are facing in the light of Brexit.鈥�
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