STH Service Now Available
In line with our schedule, the development of the STH service has been completed
Read moreStandard, secure securities messaging for T+1 operation
STH (Securities Transfer Hub) is a central communication service that provides structured, encrypted, auditable and automated data exchange between fund managers, investment service providers and related market participants.
Goals:
The current securities market communication is not uniform: it is based on bilateral agreements, PDFs sent via email, and manual processing. All of this is vulnerable, difficult to audit, slow, and pose increased risk in the T+1 settlement environment.
ESMA aims to harmonise the European market by introducing the T+1 settlement cycle. This requires fast, standardised, automated and auditable communication between market participants.