Finma Awards Multilateral Trading Facility Status to SIX Securities Platform

Finma Awards Multilateral Trading Facility Status to SIX Securities Platform
31.03.2017 11:30 am

Finma Awards Multilateral Trading Facility Status to SIX Securities Platform

Trading Systems , Infrastructure

FINMA granted the request submitted by SIX for the CO:RE trading platform to be recognized as a multilateral trading facility. This represents a further milestone for SIX in its implementation of the regulatory requirements relating to the Swiss value chain with a view to making it easier for international participants to enter the market. 

As the central provider of the Swiss financial market infrastructure, SIX Securities Services operates the multi-currency CO:RE trading platform via its SIX Repo AG business unit. The trading system for repo transactions is used by more than 160 national and international institutions including banks, insurance companies and the Swiss National Bank. 

Thomas Zeeb, Division CEO SIX Securities Services: "SIX Securities Services consistently aims to raise the level of transparency on the financial markets and to guarantee its customers access to the money market that is recognized by regulators. The award of multilateral trading system status by FINMA is part of our long-term strategy for domestic and cross-border repo transactions."

Related News

thinkFolio and Investor Access advance fixed income primary market workflow

thinkFolio, a leading multi-asset class investment management platform... Read more »

Asset Control and Finmechanics Unveil an Integrated Solution to Accelerate FRTB Implementation and Boost Operational Efficiency

Asset Control and Finmechanics have announced a new technology partnership to provide banks with an accelerated approach to The Fundamental Review of the Trading Book (FRTB)... Read more »

Diginex launches EQUOS.io becoming the first digital asset exchange listed in the United States

Diginex announced the public launch of its digital asset exchange EQUOS.io, built to institutional-grade specifications and designed to improve the experience... Read more »

The Derivatives Service Bureau Extends Global Participation in Technology Forum

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities... Read more »

corfinancial: Salerio client Baillie Gifford goes live with futures

corfinancial, a leading provider of specialist software and services to the financial services sector, reports that Edinburgh-based investment manager ... Read more »

London Derivatives Exchange selects Exberry to deliver matching engine technology

Exberry, the exchange technology pioneer, has been appointed by London Derivatives Exchange (LDX) to provide matching engine technology. The... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel