Planixs Wins Swiss Stock Exchange’s Real-Time Treasury Contract

Swiss Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term has appointed Planixs, an intraday cash, collateral, and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management solution provider, to work on its real-time treasury platform.

The selection of the Manchester-based firm was made after a “rigorous” evaluation process for selecting the right platform.

Planixs will provide Realiti’s real-time liquidity management capabilities combined with cash management and operations, vostro (client account) liquidity services, and real-time matching.

Swiss Stock Exchange is a subsidiary of SIX and one of Europe's key regulated exchanges and is the reference market for over 35,000 Swiss securities

Under the partnership, SIX will initially roll out Realiti modules across the Swiss Stock Exchange to improve cash and liquidity management, increase automation and enhance liquidity optimization processes - with the option to roll out additional modules in the future to extend the capability, the announcement detailed.

Commenting on the development, Neville Roberts, CEO of Planixs, said: “We are delighted to have been selected by SIX to deliver our real-time solutions to the Swiss Stock Exchange. Our Realiti suite will support SIX across its treasury management processes, providing a platform that offers best practice in intraday cash and liquidity management. We look forward to a long working relationship with the Group.”

Apart from the Swiss exchange, Realiti’s customers include Lloyds Banking Group, Landesbank Baden-Württemberg (LBBW), Scotiabank, Zenith Bank, and Bank Leumi.

SIX's focus on expansion

SIX has recently acquired the Spanish stock exchange operator BME, thus becoming one of the leading global stock market operators.

Last week, the exchange also launched its Triparty Agent system to enhance liquidity management in the Swiss repo market. SIX recently onboarded two new players - UBS, and Finanz und Wirtschaft - as the new members of its Stage program.