BETWEEN THE LINES
BETWEEN THE LINES
ISMA AND CLEARNET HAVE ANNOUNCED AGREEMENT
The International Securities Market Association (ISMA) and Clearnet has announced an agreement that will allow members of the Clearnet OTC service to use TRAX, ISMA's electronic post-trade matching system, to enter both cash and repo transactions and trades in the current range of bonds cleared by Clearnet SA. TRAX will automatically send the details of the matched transactions to Clearnet SA which will provide immediate central counterparty netting
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