Today at SIBOS, SIX Securities Services was revealed to be the best rated International Central Securities Depository (ICSD), in Global Custodian’s annual Agent Banks in Major Markets Survey. The survey analyses the performance of sub-custodian agents in 27 markets globally, based on responses from the world’s largest custodian banks, broker dealers and depositories.

In the analysis of the three leading ICSDs, SIX Securities Services emerged as the highest ranked provider amongst its customers, despite enjoying a considerably smaller market share than major competitors. SIX Securities Services led against the competition across all categories in this international survey, including Settlement, Asset Servicing, Relationship and Client Service, Technology and Ancillary Services, to deliver the best Overall Client Value. These strong scores represent an improvement in four of the six areas.

SIX Securities Services’ CSD, SIX SIS, is praised for being amongst the first wave of CSDs to migrate to the T2S platform. All securities settlement transactions in EUR for Swiss and Liechtenstein ISINs now automatically settle on the T2S platform, though settlement in other currencies continues to use the ICSD’s existing SECOM platform. The analysis also highlights SIX Securities Services’ “Post Trade Target Architecture” programme, which creates a modular service to enable new and faster time-to-market services.

“Our industry is undergoing a profound change, and we have shown our commitment to exploring a range of innovative options to ensure that our clients both in Switzerland and abroad can benefit from both cost savings and new services,” says Thomas Zeeb, Division CEO, SIX Securities Services. “These results are testament to our strong, professional and knowledgeable team, which builds on our heritage and excellent track record to position ourselves as a reliable and innovative partner for our customers – both in Switzerland and abroad.”

If you would like to meet a SIX Securities Services representative or discuss the findings further, SIX Securities Services is exhibiting at SIBOS at stand A29 in Area A.