SIX Swiss Exchange Adds EuroCCP as Third Clearing Participant

SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Switzerland’s paramount 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 welcomed its newest clearing provider, EuroCCP, which will be available as an additional option to trading participants, according to a SIX statement.

The addition by SIX Swiss Exchange is part of a bid to enlarge its choice for Clearing Services, as EuroCCP constituting a third Central Counterparty (CCP) for the Swiss market. Securing EuroCCP on its exchange is important for SIX, as it helps the group streamline its operations and build on an existing regiment of clearing partners.

Nordic Focus

EuroCCP joins SIX x-clear Ltd and LCH Ltd as only the third clearing partner deployed by SIX. SIX formally added two CCPs as participants back in 2003, with a sizable lag in time between them and its newest entrant. Addiitonally, SIX also unveiled an initiative to extend its clearing services to the Nordic markets, a further sign of its growing latitude in Europe.

More specifically, SIX x-clear Ltd, the clearing arm of SIX Securities Services, will be offering comprehensive clearing services for trades executed on Nasdaq Nordic trading platforms.

Last month, SIX made headlines after Market Wizards started trading on its marketplace for Swiss and international securities, making it the first new trading participant of 2017.