Deutsche Börse's clearing and settlement arm, Clearstream, has announced the opening of a location in Dublin, to better serve hedge fund clients.
The office, which has signed six clients, will offer automated order routing, settlement and position reporting along with other post-trade services to clients there. The move was taken over a possible location in Luxembourg due to the range of hedge fund administration services on offer in the Irish capital.
"The talented pool of expertise and the proximity to the hedge fund industry have been the key drivers for our choice of Dublin," says Jeremy Tessler, CEO at Clearstream. "Our product range for investment funds will soon provide customers with a single, fully automated point of entry for routing orders to fund managers across all funds types."
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2015
The winners of the 3rd annual Sell-Side Technology Awards 2015 were announced in New York on April 21, recognizing the leading third-party vendors serving the sell side in their area of expertise, through an auditable and transparent methodology. To view the winners across the 28 categories click here.
Download whitepaper for FREE Most financial institutions recognize the value of data as an asset, although only a small minority have a mature data governance...
How market connectivity impacts the reputation and performance of financial institutions