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

New derivatives exchange to level the crypto playing-field

The rapidly expanding community of crypto derivatives traders stands to benefit from an industry-grade trading service with the launch of ZUBR, a new high-performance exchange... Read more »

DriveWealth Forges First Partnership in Middle East and North Africa Region with UAE-Based Wealthface

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a new partnership with ... Read more »

Aspire partners with GeTS in furthering fintech hub ambitions

In furthering Singapore as the fintech hub of Southeast Asia, Global eTrade Services (GeTS) has announced its partnership with Aspire, a Singapore-based startup with... Read more »

TransFICC and SoftSolutions to Provide Connectivity for Interest Rate Swaps

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, and SoftSolutions, the developer of high-... Read more »

b-next provides compliance solution to major Russian bank

The German developer of specialised software b-next has concluded the past fiscal year with an important business deal. A major Moscow-based bank has decided to monitor... Read more »

Itiviti Recognized for Best Trading and Execution Platform at Asian Private Banker Technology Awards

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that its multi-asset trading and execution solution has won  Best... Read more »

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