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MCDR and Strate connect to Link Up Markets

MCDR of Egypt and Strate of South Africa last week successfully connected to Link Up Markets, a joint venture that comprises 10 Central Securities Depositories (CSDs) to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions globally.

The connection of MCDR and Strate completes the current implementation plans of Link Up Markets and sets the stage for full scale interoperability among the member CSDs.

Tomas Kindler, Managing Director of Link Up Markets, said: “The launch of MCDR and Strate as the first non-European member CSDs marks an important milestone for Link Up Markets, underpinning our ambitions to become a global CSD network. Over the past 20 months the concept was proven successfully and first CSDs have mastered the transition to become cross-border service providers. We now have all prerequisites in place to support large scale CSD interoperability with immediate benefits for the market”.