Clearstream, a key player in post-trade services and part of the Deutsche Börse Group, has augmented its US network capabilities by collaborating with Proxymity. This partnership introduces the Proxymity Vote Connect Total US (VCT US) platform, which allows both institutional and retail investors holding US shares to participate in voting during US general meetings.
Starting in February, clients using Clearstream Banking AG will have the ability to cast their votes for US general meetings through their existing Clearstream access. The voting process will be streamlined, as VCT US will automatically manage the votes, thereby enhancing accuracy, efficiency, and oversight throughout the entire voting process.
This initiative is part of a broader commitment by Clearstream and Deutsche Börse Group to foster global market connectivity while providing secure and efficient investment solutions for participants in the marketplace.
Commenting on the collaboration, the COO and Co-Founder of Proxymity expressed enthusiasm about supporting Clearstream’s clients in exercising their voting rights for US shares through VCT US. This approach aligns with Proxymity’s mission to facilitate comprehensive global coverage, making the voting process more transparent, efficient, and accurate for investors.
In addition, Clearstream’s Head of Custody & Investor Solutions highlighted the growing trend of institutional and retail investors taking a more active role in their capital market investment choices. The partnership with Proxymity is seen as a way to empower these investors by providing a seamless and enhanced voting experience. This approach further reinforces Clearstream’s leading role in delivering comprehensive post-trading solutions that maximize the value of clients’ assets, even after investment decisions are made.
Furthermore, Clearstream extends its services in proxy voting for US securities through its international central securities depository, Clearstream Banking S.A., further enhancing the scope of services available to its clients. Overall, these enhancements reflect a growing trend toward facilitating investor engagement and participation in corporate governance through improved connectivity in voting procedures.