18 December 2017
visit www.ebaday.com

SWX, SIS and Telekurs complete merger

02 January 2008  |  1962 views  |  0 Source: SWX Group

SWX Group, SIS Group and Telekurs Group complete merger effective 1.1.2008 Switzerland's financial market infrastructure has been reorganised.

Effective 1 January 2008, the SWX Group, SIS Group and Telekurs Group will be combined into a single entity: Swiss Financial Market Services AG. With this step, the Swiss financial center has created the conditions which, thanks to first-rate services in the areas of securities trading, clearing and settlement, payment transactions and market data, will strengthen ever further its competitiveness and innovative power and maintain long-term Swiss sovereignty over the country's financial market infrastructure.

In particular, this reorganisation of the infrastructure enables new services to be rendered across the entire value chain, as well as a further increase in efficiency. Swiss Financial Market Services will therefore strive to play a leading role in terms of quality, price and innovation in the services it renders. The new enterprise is owned solely by its users, which in turn ensures that customer interests will be the focal point of all decisions. The ownership structure, which is cemented for the long term by a shareholders agreement, ensures stability and reliability in the years to come.

Prof. Dr. Peter Gomez, Chairman of the Board of SFMS, commented on this step by stating: "By merging Switzerland's financial market infrastructure, we are fostering customer orientation and innovation, heightening efficiency, and contributing to the reinforcement of Switzerland as one of the world's most important financial centres."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.aciworldwide.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11048 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8590 views comments | 15 tweets | 14 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7536 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7020 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6961 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job