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
Indars Ascuks, Head of the Nasdaq Baltic Market and CEO of Nasdaq CSD.

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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