The official opening session of the PostTrade 360° 2025 conference will see some of post trade’s most influential decision makers discuss what is coming down the line and how these changes can be leveraged for commercial success. Among the speakers will be Bernard Frenay, CEO of European markets at Euroclear, who will explain why the move to T+1 will be more testing for European market participants than their North American counterparts, but also potentially more rewarding.
“The European market is not only more fragmented – it is multi-currency and more international than the US market, which is largely domestic,” he says. “We will see if it brings a reduction in the amount of collateral to be posted due to the fact that we will be settling one day earlier, but it will also be interesting to see if the market remains the same from an operational and settlement efficiency perspective.”
He suggests there will be increased competition and integration in post trade, particularly in relation to settlement, as industry players anticipate the savings and investment union (SIU) by offering a more integrated solution for customers.
The role of FMIs
“Financial market infrastructures (FMIs) have a crucial role to play in accelerating the development of Europe’s capital markets,” says Frenay. “Euroclear recently unveiled plans to establish a true single market for post trade activities. By delivering a post trade infrastructure connecting all 27 EU markets in all financial asset classes, our ambition is to support seamless connectivity across the single market, encourage healthy market competition, promote financial stability, and foster innovation.”’
In addition, Euroclear is integrating its Nordic CSDs in Finland and Sweden into its broader group platform, aiming for a more unified and efficient post trade infrastructure across the region.
“The message I would like attendees to take from this session is that the role of a FMI remains very important and will be a driver of change for their businesses in terms of risk reduction and greater efficiency,” says Frenay. “But it will be a gradual process, more of an evolution than a revolution.”
Have you signed up yet to be in Stockholm for PostTrade 360° 2025 on 3–4 September? It’s free for securities operations pros, both trading and investor sides! (Vendor firm representatives need a sponsorship agreement.) The powerful event website lets you register, see all other delegates, schedule sessions and meetings, and message. Find all related articles, including loads of teaser interviews, here.
