Tallinn/Riga/Vilnius, September 18, 2017 – Nasdaq (Nasdaq: NDAQ) today announced that following the cross-border merger of the three Baltic central securities depositories, the newly created Nasdaq CSD has joined the pan-European securities settlement platform TARGET2-Securities (T2S), a major financial infrastructure project initiated by the European Central Bank.

T2S brings substantial benefits to the European post-trade industry and makes cross-border settlements easier and more efficient.

“With the consolidation of the national CSDs, the migration of Nasdaq CSD to T2S, the new core CSD IT platform and the start of the operations under the CSDR regime, the Baltic securities market is undergoing one of the biggest and most complex transformations in its history. Success would not have been possible without effective partnership with the regulators, central banks, market participants and other stakeholders across the region and beyond,” notes Indars Ascuks, Head of the Nasdaq Baltic Market and CEO of Nasdaq CSD. “We believe that these changes will increase the competitiveness of the Baltic securities market and create valuable synergies for all participants.”

About Nasdaq CSD
Nasdaq CSD SE (Societas Europaea) is the regional central securities depository in the Baltics, with a business presence in Estonia, Latvia and Lithuania. It provides post-trade infrastructure and a wide range of securities services for Baltic market participants. The CSD is a fundamental element in the Baltic financial market, serving as the sole central registrar of shares and other securities issued by companies and governments. Nasdaq CSD is licensed under the European CSDR and supervised by Baltic regulatory institutions cooperating in accordance with the CSDR. The depository is powered by modern straight-through processing technology connected to the pan-European T2S platform. Nasdaq CSD is a part of the Nasdaq Group. Nasdaq, Inc., the ultimate parent, provides trade and post-trade services in more than 50 countries.