Cyprus Stock Exchange and VP Lux connects to Link Up Markets

 The Cyprus Stock Exchange (CSE) and VP Lux, the Luxemburg based subsidiary of VP, have successfully connected to Link Up Markets, a joint venture comprising 9 CSDs, to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions globally.

A press release issued today by Link Up Markets, notes that the connection of CSE and VP Lux is part of a the three-state launch Link Up Markets announced for 2009, which started on March 30 with the connectivity of Cleastream Banking Frankfurt (Germany), OeKB (Austria), SIXSIS (Switzerland) and VP (Denmark). The second stage started on June 29 when Iberclear, the Spanish CSD and Hellenic Exchanges connected to Link Up Markets infrastructure.

Norway's VPS and Strate of South Africa are expected to follow in later stages, expanding in this way the geographical coverage of Link Up Markets as well as its scope of services.

Link Up Markets is a joint venture between the Central Depositories of Austria, Cyprus, Denmark, Germany, Greece, South Africa, Spain, Sweitzerland and VP Lux, which allows easy implementation of links between Central Securities Depositories.