Platform Securities' Jersey office enhances proposition with Clearstream solution
Platform Securities, a leading provider of outsourced clearing and settlement services for wealth managers, has chosen to use Clearstream to enhance its offshore custody business. The decision was primarily motivated by efficiency gains and asset safety provided by Clearstream’s real-time settlement solutions across all asset classes including investment funds.
Marilyn Logan, Managing Director at Platform Securities International Limited, said: "We have chosen Clearstream as our offshore sub-custodian as it provides a fully automated service across all asset classes allowing our service offering to be future proofed for scalable growth. The global market coverage will allow our clients to have a truly whole of market offshore solution”
Clearstream is recognised by the UK’s FCA as a ‘Commercial Settlement System (CSS)’. It delivers full automation across order placement, DVP settlement and asset servicing and is supported from the same platform as the servicing of customers’ investment funds, fixed income, equities and warrants, thereby ensuring a streamlined process for all asset classes. Platform Securities chose to contract with Clearstream in order to cope with the large amount of demand generated since Platform Securities' Jersey subsidiary was launched in 2015. Clearstream's fund capabilities complement Platform Securities' existing Fidessa-based equity trading desk to give true STP on a wide asset universe.
To find out more about Platform Securities International Limited, click here
To find out more about Clearstream, visit http://www.clearstream.com
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