SIX Securities Services Reveals new Equity Index Baskets

SIX Securities Services Reveals new Equity Index Baskets
08.05.2017 12:00 pm

SIX Securities Services Reveals new Equity Index Baskets

Trading Systems

SIX Securities Services, through its business unit SIX Repo Ltd, has witnessed an increasing demand for equity repo financing. Equity repos – baskets reproducing market indices – supplement the Swiss National Bank’s (SNB) high-quality liquid asset baskets (HQLA), SNB HQLA 1 and 2, which are traded as the market standard on the CO:RE trading platform via direct counterparties (tri-party).

According to Nerin Demir, Head SIX Repo Ltd: “Different banks and non-bank financial institutions in the repo market have an interest in taking in more equity as collateral due to its liquidity, availability and for the diversification factor. There is a clear trend for Equity and Fixed Income financing desks  to come closer together and work towards a more singular view of the available collateral pool. This in turn attracts new participants the latest of which is Natixis – the first of many new participants we are looking forward to welcoming aboard.”

Ian Beattie, Head of Client Development on the Equity Finance desk at Natixis comments, “The STP capabilities of SIX, combined with the access to a broad range of counterparties makes the platform an attractive financing tool. Easy to use, it can cater for large volumes of transactions and is particularly supportive for equity repo transactions. We are looking forward to building balances and working with counterparties on CO:RE trading platform.”

Thomas Roth, Head Cash & Collateral Management at Bank Vontobel AG: “Having as many products as possible on a standardized platform like SIX Repo’s CO:RE trading platform provides participants with the necessary flexibility to cover their needs and supports increasing volumes to fulfill the financing requirements within different asset classes.”

Related News

TrueFX announces First Trades Completed on Platform

TrueFX, a purpose-built OTC market designed for the buy-side, has today announced it executed the first set of disclosed trades between counterparties on its network. The first... Read more »

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 »

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