Since the collapse of the auction rate securities market in the US in 2008, holders of these now illiquid instruments have struggled to find reliable secondary market quotes and price clarity.
SIX shortens the time period between the execution of a trade and its settlement. The present settlement cycle in Switzerland is three business days (T+3).
With Fatca withholding expected to become effective on 1 July 2014, financial intermediaries worldwide are running out of time to prepare their systems and processes for compliance.
SIX Payments Services has apologised to Swiss and Liechtenstein customers for a snafu last week which resulted in debit card transactions being booked twice.
SIX Financial Information selects Avox to source pre-legal entity identifiers (LEI) in support of clients' compliance, risk and operational requirements.
In a landmark agreement, Switzerland's post-trade services provider SIX Securities Services has signed a partnership with Keler Ltd., Hungary's post-trade infrastructure, to provide international settlement and custody services.
TICKS by SIX, an expansive database of trades and quotes from the world's most important trading venues, allows clients to pinpoint the content needed, maximizing cost efficiency while minimizing onsite processing and storage investments.
Telekurs iD, SIX Financial Information's display product for monitoring markets and screening potential investments, now supports an enhanced mobile version based on HTML5 and suited for smart phones running on the Android operating system.
SIX Financial Information today announced that it has reached an agreement to become a Content Service Provider (CSP) on NYSE' Secure Financial Transaction Infrastructure (SFTI) network.
The e-bill is maintaining its successful growth again this year: more than 1,000,000 e-banking customers of Swiss banks and PostFinance had signed up for e-bill by the end of November 2013.
© Finextra Research 2014