Market infrastructure firms are an important segment of ICMA’s membership, which includes recognised trading venues (stock exchanges and multilateral trading facilities); central counterparties, clearing and/or settlement systems; data, messaging as well as technology and solution providers.

ICMA is closely involved in various initiatives related to the evolving financial market infrastructure in trading and the post-trade space in Europe and globally, across its core activities of primary, secondary, repo and sustainable bond markets. Further, market infrastructure members participate in and support a number of ICMA councils and committees, ensuring their views are well represented in the association’s regulatory and market practice work.

Market Infrastructure Advisory Group

ICMA runs a dedicated Market Infrastructure Advisory Group, currently composed of senior representatives from European market infrastructure member firms, which meets quarterly to provide guidance and recommendations to the ICMA Board on concerns and issues facing this segment of the market. ICMA intends to broaden the Group’s representation in the future from its initial largely European focused membership.

Borsa Italiana
Luca Bagato
Carlo Gussoni

Jens Hachmeister
Philippe Mueller
Jean-Robert Wilkin

Eurex Repo
Marcel Naas (Vice chair)
Frank Odendall

Ivan Nicora
Dan Kuhnel

Nathalie Masset

Nigel Bradley

Luxembourg Stock Exchange
Arnaud Delestienne
Paula Redondo Pereira

Christophe Roupie (Chair)

MTS S.p.A.
Oliver Clark
Angelo Proni

Ulrica Ahlstedt
Jesper Brams

Ian Cornwall
Ueli Goldener

Nicola Danese
Simon Maisey

Wiener Börse AG
Matthias Szabo

Related issues:

Primary markets:

Secondary markets:

Repo and collateral markets:


Past initiatives

Expert Group on Market Infrastructure (EGMI)

European Commission’s Clearing and Settlement Advisory and Monitoring Expert Group (CESAME)

Code of conduct on clearing and settlement
European Market Infrastructure Regulation (EMIR)
Harmonisation of securities lawCSDR: Migration to T+2


Anna Mayilyan
Associate, Relationship Manager, Membership
Direct line: +44 20 7213 0337

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