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CDSX

CDSX® is one of the most advanced automated clearing and settlement systems in the world. It is a secure, reliable platform for delivering a full range of products and services, including: clearing and settling eligible Canadian exchange-traded and over-the-counter equity, debt and money market transactions settling Canadian exchange-traded derivatives broker-to-broker trade matching depository/custodial and ledger-keeping enhanced, real-time messaging and flexible interfaces to and from CDS a range of settlement options – Continuous Net Settlement (CNS), batch net settlement (BNS), trade-for-trade (TFT) settlement in Canadian central bank funds via Large Value Transfer System (LVTS) or Fedwire for U.S. currency a comprehensive, world-class risk model linkages with other clearing houses and depositories CDSX can be adapted to different technology and practices in other markets, including the U.S. Since a quarter of Canadian settlements area is cross-border, this feature is critical to the ongoing competitiveness of Canada’s capital markets. CDS upgrades CDSX’s functionality quarterly to ensure the system meets participants evolving needs.