22 August 2017
Find out more

SIX x-clear further extends clearingservices to Nasdaq Nordic markets

18 January 2017  |  2086 views  |  0 Source: SIX

SIX x-clear Ltd – the clearing arm of SIX Securities Services – is now able to provide clearing services for the Nasdaq Nordic cash equity markets (including ETFs). From 20th February, 2017, SIX x-clear offers an enhanced and interoperable clearing solution for Denmark, Finland and Sweden.

After regulatoryand operational arrangements are finalized, Nasdaq Nordic will confirm SIX x-clear Ltd as a third interoperating Central Counterparty (CCP). As of February 20th, 2017, SIX x-clear will offer comprehensive clearing services for trades executed on Nasdaq Nordic trading platforms. The Nasdaq Nordic cash equity markets include the trading venues Copenhagen, Helsinki, Stockholm and First North Sweden, operated by Nasdaq Stockholm. Settlement will take place in the relevant home market of the securities.

SIX Securities Services centrally manages counterparty risk and reduces post-trade costs. The new clearing services allow members to have one net settlement for all trades across all platforms cleared by SIX x-clear. Cross-platform netting and cross-margining of risk combined with a tiered pricing structure offer clients the best suited solution for their needs in terms of scale, cost, risk and liquidity. Clearing members of SIX x-clear can use the clearing services seamlessly by switching the trade flow to clear through SIX x-clear.

Valerio Roncone, Head Markets & Clients SIX Securities Services, adds: "We are delighted to be able to provide comprehensive clearing services in the Nordic region. This is an important step which offers clients an opportunity to extend their clearing consolidation with SIX x-clear and further optimize their post trade processing."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12518 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11067 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10288 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10234 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10164 views comments | 21 tweets | 34 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job