Proxymity, the digital investor communication platform, and Clearstream, the post-trade business for global markets, have expanded their partnership “to create a digital general meeting announcement solution.”
Historically, communication between issuers and investors was “initiated through multiple disparate sources and using different modalities, causing delays and a fragmented process for intermediaries and investors.”
With the new platform, Proxymity and Clearstream are looking “to automate issuer investor communication to resolve these issues and facilitate better proxy voting and corporate event communications for all parties involved.”
The central platform will “enable issuers and their issuer agents to improve corporate event communications between intermediaries and investors by publishing ‘golden record’ general meeting announcements directly to the Issuer CSD and onward to intermediaries and investors for a wide portfolio of financial instruments, including domestic equities, bonds, ETFs, investment funds, and Eurobonds (XS ISINs).”
The service is planned “to go live by end of the year and will use Proxymity’s Vote Connect, the flagship digital proxy service powered by Proxymity’s investor communications platform.”
Sam Riley, CEO of Clearstream Securities Services, commented:
“At Clearstream, we are constantly striving for new and innovative services for our clients, making it easier for them to conduct their business smoothly and efficiently around the world. In expanding our partnership with Proxymity, we are delivering on this ambition once again, using digital technologies that are leading the way in compliance and best practice.”
Dean Little, CEO of Proxymity, added:
“We are thrilled to continue our partnership with Clearstream, further expanding our digital investor communication platform into the German and Luxembourg markets. This collaboration will revolutionise the way issuers communicate their corporate events, ensuring compliance and enhancing efficiency in the proxy voting process. We look forward to making a positive impact on these strategically important markets and continuing to drive innovation in issuer to investor communication.”
Adopted by over 65% of FTSE 100 companies, Proxymity connects “the world’s ecosystem of issuers, intermediaries, and investors digitally in real time, bringing unprecedented transparency, efficiency, and accuracy to traditional paper-based processes.”
Trusted by the world’s largest financial institutions, it is the leading digital investor communications platform, “serving over 25 markets worldwide.”