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5,29%21.06.2018.SEE Link and RBI to enter into strategic partnership
RBI’s Group Securities Services Operations Center to act as post-trade infrastructure for trading on SEE Link
SEE Link, the joint trading platform of currently seven stock exchanges in Southeastern Europe (SEE), intends to deploy an innovative solution for settling cross-border trades developed by Vienna-based Raiffeisen Bank International (RBI). Representatives of the platform’s founding members, and Skopje-based SEE Link itself signed a Memorandum of Understanding to that end with RBI in Vienna today.
“RBI is highly interested to see growing activity on the stock exchanges in Southeastern Europe and therefore welcomed the creation of SEE Link in 2014. We are delighted to provide the platform with our settlement and asset servicing solution. Members of participating stock exchanges will in the future be able to trade and settle trades executed on SEE Link. Furthermore, our international clients will gain easy excess to those markets through our GSS Operations Center”, explained Attila Szalay-Berzeviczy, Head of RBI Group Securities Services.
RBI’s GSS Operations Center will act as settlement engine for trades executed on SEE Link. RBI is one of the leading custodian banks in Central and Eastern Europe (CEE) and has already linked up with ten Central Securities Depositaries (CSD) in ten countries of the region to provide its clients with easy access to those markets. Its unique solution enables SEE Link to overcome settlement and asset servicing challenges caused by different currencies and legislations across participating countries.
SEE Link is supported by the European Bank for Reconstruction and Development (EBRD) by way of a grant to establish an electronic system for order-routing. Hannes Takacs, Head of ECM and CMI Development at EBRD is pleased with the signing of the MoU and said, “Intensified efforts are needed to drive regional cooperation, consolidation and to harmonize the capital markets in the region. Inroads in some of these matters have been made by EBRD, such as supporting the implementation of SEE Link as a cross-border trading link. Linking regional exchanges in the form of order-routing is an initial step for the regional integration of securities markets. Additionally, improving market accessibility and efficiency is essential to enhance the investor base. We see the initiative set by the SEE Link member exchanges and RBI as an important step to improve cross-border post-trade services and for enhanced regional cooperation”.
SEE Link, the joint trading platform of currently seven stock exchanges in Southeastern Europe (SEE), intends to deploy an innovative solution for settling cross-border trades developed by Vienna-based Raiffeisen Bank International (RBI). Representatives of the platform’s founding members, and Skopje-based SEE Link itself signed a Memorandum of Understanding to that end with RBI in Vienna today.
“RBI is highly interested to see growing activity on the stock exchanges in Southeastern Europe and therefore welcomed the creation of SEE Link in 2014. We are delighted to provide the platform with our settlement and asset servicing solution. Members of participating stock exchanges will in the future be able to trade and settle trades executed on SEE Link. Furthermore, our international clients will gain easy excess to those markets through our GSS Operations Center”, explained Attila Szalay-Berzeviczy, Head of RBI Group Securities Services.
RBI’s GSS Operations Center will act as settlement engine for trades executed on SEE Link. RBI is one of the leading custodian banks in Central and Eastern Europe (CEE) and has already linked up with ten Central Securities Depositaries (CSD) in ten countries of the region to provide its clients with easy access to those markets. Its unique solution enables SEE Link to overcome settlement and asset servicing challenges caused by different currencies and legislations across participating countries.
SEE Link is supported by the European Bank for Reconstruction and Development (EBRD) by way of a grant to establish an electronic system for order-routing. Hannes Takacs, Head of ECM and CMI Development at EBRD is pleased with the signing of the MoU and said, “Intensified efforts are needed to drive regional cooperation, consolidation and to harmonize the capital markets in the region. Inroads in some of these matters have been made by EBRD, such as supporting the implementation of SEE Link as a cross-border trading link. Linking regional exchanges in the form of order-routing is an initial step for the regional integration of securities markets. Additionally, improving market accessibility and efficiency is essential to enhance the investor base. We see the initiative set by the SEE Link member exchanges and RBI as an important step to improve cross-border post-trade services and for enhanced regional cooperation”.
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