The Malta Stock Exchange’s Central Securities Depository was among the first group of depositories to be connected through the Target 2-Securities (T2S) platform.
The T2S platform will enable integrated securities settlement across Europe and recently went live as planned.
The four depositories in the first migration wave are from the Malta Stock Exchange, the Bank of Greece, Romania’s Depozitarul Central and SIX-SIS of Switzerland.
This first group of markets migrated smoothly to T2S, beginning the rollout of T2S. Italy will be next on August 31. Three more groups of markets will follow in stages and the full complement, covering 21 European countries, will have migrated by February 2017.