SIX Securities Services now interoperable on Turquoise

Zürich, (PresseBox) - The clearing arm of SIX Securities Services, SIX x-clear Ltd, today announced that its fully interoperable clearing and risk management services are now available on Turquoise. With this step, the highly recognized clearing house continues its rapid European expansion after becoming interoperable on BATS and Chi-X earlier this year.

Since signing the interoperability agreement in May 2011, SIX x-clear Ltd, the clearing arm of SIX Securities Services, has continued to expand its service offering across numerous trading platforms. Clients have since benefited from greater choice, increased competition and lower end-to-end costs. Now, SIX Securities Services' clearing arm will now focus on launching interoperable services for the Nordic markets on platforms such as NASDAQ OMX Nordic and Burgundy.

Commenting on the move, Tomas Kindler, Head of Clearing Relations added: "This is another important step towards achieving true competition in clearing and great news for our clients, who can now consolidate their operations across an ever-broadening range of venues. To this end, we will continue our expansion across Europe and look forward to offering our services on even more platforms in 2012."

SIX Securities Services
SIX Securities Services specializes in post-trade activities. Its services are available both for the domestic Swiss market and international markets. These services include Custody (domestic and international), CCP Clearing, Risk Management, Real-time Settlement (including real-time realignment of holdings), Collateral Management and Share Registration services.

SIX Securities Services is a subsidiary of SIX Group. On a worldwide scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.

I want to subscribe to the gratis press mail and have read and accepted the conditions.