Deutsche Bourse is wading into the $5.3 trillion a day currency markets with a EUR725 million acquisition of multi-bank FX trading platform 360T.
With Banque Cantonale de Genève (BCGE), Banque Cantonale Vaudoise (BCV), Luzerner Kantonalbank (LUKB) and Raiffeisen four more Swiss banks will offer the peer-to-peer (P2P) payment solution 'Paymit' of SIX nationwide.
SIX Securities Services Ltd is selling SIX SAG Ltd and therefore its business in the areas of share register services and general meetings for third companies.
STOXX AG and Indexium AG are operated as joint ventures by SIX and Deutsche Börse AG (DBAG). SIX confirms that it has entered into negotiations with DBAG over the complete acquisition of the shares SIX holds in the two joint ventures by DBAG at a purchase price of CHF 650 million.
When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance.
Italy will no longer be one of the first set of countries to go live with Target2-Securities (T2S) later this month, securing a two month extension in the wake of "strong discomfort" among its banks.
SIX will admit European Central Counterparty N.V.(EuroCCP) to the Swiss market to become the third Central Counterparty (CCP) on SIX Swiss Exchange.
SIX Payment Services (SIX) and Payment Services Austria GmbH (PSA) will continue their successful cooperation in the settlement of debit card transactions.
SIX, UBS and Zürcher Kantonalbank are to launch a new P2P payment app, Paymit, that enables users to to request and make payment transfers by smartphone across Switzerland from the end of May.
Christian Katz, Division CEO Swiss Exchange, has decided to leave SIX. His decision is based on diverging views on the strategic direction and on the further development of the business area Swiss Exchange.
© Finextra Research 2015