As you may be aware, CDS (Canadian Depository for Securities) launched a Post Trade Modernization (PTM) project to upgrade the technology infrastructure for CDS’s core clearing, settlement and depository functions, following the move to T+1.
According to CDS, “PTM seeks to enhance security, simplify user interaction, and offer greater flexibility for future enhancements to better serve the evolving needs of marketplace participants, regulators, investors, financial institutions and more. Modernization [will ensure] Canada’s financial market infrastructure remains secure, reliable and efficient.”
Throughout the multi-year project, Computershare has been actively engaged with CDS, participating in industry working groups, providing input on operational items, and performing user acceptance testing. As a leading transfer agent in the Canadian market, supporting many of the country’s largest public companies, Computershare’s systems are highly automated and digitized to support the efficient, timely and accurate services our client’s demand.
After a significant amount of hard work, the new CDSX system launched on April 28, 2025. At the same time, changes to various procedures, files and forms for interacting with CDS also went into effect.
In the initial weeks following the launch, the new system was functioning as expected for the most part. However, there were some challenges, as is expected with ambitious integration projects.
Computershare and other participants have been actively working with CDS to resolve issues as they arise, and we have been doing whatever is necessary to minimize the impact on our clients. We are confident that through ongoing and transparent collaboration by CDS with all participants, the benefits of the post trade modernization project will be fulfilled.
To learn more about the PTM project please see the news release or visit the CDS news and information website. Should you have any other questions, please contact your Relationship Manager.
Computershare is not providing, and does not intend to provide, any legal, tax or investment advice.