Fière de son passé, porteuse de modernité
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1970
The Canadian Depository for Securities Limited (CDS Ltd.) was incorporated on June 9, 1970 in response to rising back office costs and increased volumes in the capital markets resulting from a vibrant Canadian economy. It was formed to leverage new technologies and automation to create a centralized depository service and an electronic clearing and settlement system that could not only handle higher volumes, but meet future needs.
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1976
In 1976, CDS began clearing trades executed on the Montreal Exchange and by the following year, the Toronto Exchange was on board. In 1979, CDS became a participant of The Depository Trust Company (DTC) in New York, a first step toward meeting the growing need for access to the U.S. market. DTC became a direct CDS participant in 1998, making cross-border clearing and settlement a reality.
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1981
In 1981, the first equity securities were deposited in the book-based system. Government of Canada bonds were added to the system in the late 1980s, followed by the implementation of the Debt Clearing System for bonds and money market instruments in the early 1990s.
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2003
With the launch of CDSX® in 2003 – one of the most advanced clearing and settlement systems in the world – securities processing at CDS became simpler, faster and more effective. The completion of the securities settlement risk model in 2004 added highly effective mechanisms for managing operational, liquidity and counterparty risk exposures to CDS's operating environment.
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2012
In 2012, CDS became part of the TMX Group, creating a unified securities infrastructure that encompasses the entire lifecycle of trading, trade execution and trade settlement. CDS is an integral component of TMX Group, Canada’s biggest capital formation ecosystem, allowing us to collaborate, innovate and create additional value for the benefit of all market participants.
Faits saillants des dix dernières années
New web-based services launched:
Electronic Alerts Service (EAS)
Corporate Action Liability Management Service (CALMS), TRAX
Thomas Murray affirms CDS’s overall ‘AA’ rating for fourth consecutive year
CDS acquired by the Maple group and becomes part of TMX Group, creating a unified securities infrastructure encompassing trading, trade execution and trade settlement.
Implemented issuer service fees, to be phased in over 2017 and 2018.
H.O. Moves to 100 Adelaide.
Innovation continue
La CDS a réduit la proportion de certificats physiques dans ses coffres à moins de 1 % et a reçu l’approbation des autorités de réglementation d'éliminer tout certificat global matériel après le 31 août 2017. Cette initiative a vu le jour en 2016 dans le cadre du programme « Faire mieux ensemble » et se poursuit selon une base ponctuelle aux bureaux de Toronto et de Montréal
L’innovation ne s’arrête pas là
Il est important de faire un retour sur notre passé et de le célébrer, et il est tout aussi important de souligner cet anniversaire jalon qui donne à la CDS l’occasion de jeter les bases de l’avenir. Cela nous motive de poursuivre sur notre lancée. Nous avons consacré les cinq dernières années au développement et à l’enrichissement d’un ensemble exhaustif de connaissances et de compétences et pendant ce temps, notre logiciel, nos systèmes et notre infrastructure interne ont pris de l’âge, exigeant un entretien coûteux et de nombreuses ressources.
C’est pourquoi nous avons lancé le projet de modernisation des services de postnégociation qui aidera la CDS à passer à une plateforme technologique modulable, fiable et plus souple.
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