VERMEG augments Euronext Securities with MEGARA

Netherlands-based VERMEG has implemented MEGARA at Euronext Porto for post-trade efficiency, with further rollout across branches in Denmark, Italy, and Norway.

 

VERMEG announces the successful implementation of its flagship software, MEGARA, at Euronext Securities Porto. Building on this success, VERMEG embarks on the rollout of MEGARA across Euronext Securities’ branches in Denmark, Italy, and Norway, further revolutionising corporate actions management across the European CSD network.

Streamlining post-trade efficiency and compliance

The implementation of MEGARA at Euronext Securities Porto represents VERMEG’s commitment to provide technology solutions that drive efficiency and compliance in post-trade services. Leveraging its expertise and technology, VERMEG has collaborated with Euronext Securities to streamline and optimise corporate actions processing, ensuring adherence to European regulations and standards, including eCMS.

MEGARA’s modular suite, coupled with its modern architecture, has enabled Euronext Securities to enhance operational efficiency, maximise straight-through processing (STP), and automate critical functions. With features adapted to market standards for Financial Market Infrastructures (FMIs), MEGARA offers flexibility and monitoring capabilities in a multi-entity and multi-market environment.

As VERMEG looks ahead to the rollout of MEGARA across Euronext Securities’ markets, the company remains committed to delivering evalue and support to its clients. By standardising and automating corporate actions processing throughout the Euronext Securities network, VERMEG aims to further strengthen its position as a trusted partner in the financial industry, driving innovation and excellence in post-trade services.

Commenting on this partnership, officials from VERMEG said they are happy to implement MEGARA at Euronext Securities Porto, marking the first step in their partnership with Euronext Securities. As they prepare to rollout MEGARA across Euronext Securities’ markets, they are confident that their cutting-edge technology will continue to deliver tangible benefits, transforming corporate actions management and setting new standards for efficiency and compliance.