Nasdaq Merges Baltic CSDs for Final T2S Migration Wave
Nasdaq has unified the central securities depositories of three Baltic nations, entering them into the Target2-Securities platform as a single entity.
Indars Ascuks, head of the Nasdaq Baltic Market and CEO of Nasdaq CSD (central securities depository), tells WatersTechnology that the merger was designed as a result of the transformation that markets in Europe have undergone in the last 10 years.
“This change was essential and was triggered by a number of drivers,” Ascuks says. “New technology demands for the CSDs in Europe and globally, the regulatory requirements such as CSD [Regulation] and the re-authorization of CSDs in Europe, as well
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