SIX Swiss Exchange Welcomes New Clearing Provider EuroCCP
- Trading Systems
- 20.02.2017 01:30 pm
SIX Swiss Exchange is enlarging its choice for Clearing Services and welcomes EuroCCP as third Central Counterparty (CCP) for the Swiss market. With the go-live of EuroCCP, the Swiss exchange strengthens its interoperability and caters even better to the needs of its clients. Both existing and potential trading participants benefit from an new option, in addition to SIX x-clear Ltd and LCH Ltd, to select their ideal setup.
Internationalization of clearing services
In parallel to the admission of EuroCCP to the Swiss market, SIX has extended its clearing services to the Nordic markets. As announced in a Media Release[PDF], as of today SIX x-clear Ltd (the clearing arm of SIX Securities Services) offers comprehensive clearing services for trades executed on Nasdaq Nordic trading platforms.
SIX Swiss Exchange was one of the first exchanges to provide a choice of two CCPs to participants in 2003. The SIX Swiss Exchange website provides more information on Clearing & Settlement and on the benefits of becoming a participant at SIX Swiss Exchange.