BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship

BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship
21.09.2015 01:00 am

BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship

Security

BCS Financial Group, the largest securities broker on the Moscow Exchange, has been granted access to Euroclear, the world’s largest international central securities depository, through BCS Prime Brokerage Limited.

By using Euroclear, BCS Financial Group will broaden its product offering, enhance its operational efficiency, reduce risks and optimise the costs of trading, settlement and custody services. 

BCS anticipates using Euroclear’s services in the European, UK (LSE IOB), US and Russian markets (local equities and government bonds).

Michael Barmettler, COO of Global Markets and Investment Banking at BCS Financial Group, said:

“This is another significant milestone for BCS, proving the stability and continuity of our national and international business and allowing us to further follow our growth strategy. We are always looking to develop and further expand our offering for clients. The Euroclear facilities broaden our transaction, settlement and custody services in a quick and cost efficient way. It helps reducing our risks, optimizing our cash and collateral management and further automating operations.”

Tim Bevan, CEO of BCS Prime Brokerage, added:                        

“The Euroclear membership is one of a number of building blocks BCS will put in place over the coming months. The membership approval proves our sustainable business strategy and allows further international expansion. We have managed to strengthen our business despite the difficult market conditions in 2014.”

Related News

Akamai Credential Stuffing Report Shows Financial Services Industry Under Constant Attack From Automated Account Takeover Tools

According to the Akamai 2018 State of the Internet / Security Credential Stuffing Attacks report, worldwide malicious login attempts are on the rise. Findings from the... Read more »

Cryptomathic supports Deutsche Post Qualified Electronic Signatures

Deutsche Post has entered the era of end-to-end digitalization by extending its Postident digital identity management services with Qualified Electronic Signatures (QES),... Read more »

Gemalto and R3 pilot blockchain technology to put users in control of their Digital ID

Who are you, and can you prove it? The new Gemalto Trust ID Network enables users to give digital service providers fully verified and secured answers to these simple... Read more »

VCW Expands Operations To Meet Increasing Demand

VCW Security is expanding to meet the increasing demand for IT securityand infrastructure management solutions.  The company has announced the appointment of Mark Thomas as... Read more »

Fido Alliance introduces biometric certification programme

Biometric user verification has become a popular way to replace passwords and PINs, but the lack of an industry-defined programme to validate performance claims has led to... Read more »

Thales and Gemalto are granted Regulatory Clearance by the Committee on Foreign Investment in the United States (CFIUS)

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App