Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Swiss bank chooses SIX
Technology news

Swiss bank chooses SIX


06 May 2014 Zurich
Reporter: Stephen Durham

Generic business image for news article
Image: Shutterstock
SIX Securities Services is to operate the new Swiss money market trading platform as of May 2014.

The Swiss National Bank (SNB) will use the SIX trading platform to execute all monetary policy transactions and to auction confederation bonds and registered money market claims. Repo transactions allow the SNB to manage liquidity and money supply.

Transactions were previously executed on the Eurex platform.

Trading, securities settlement and payment processing will now be available in 13 different currencies on the fully integrated SIX trading platform.

New functionalities and additional market segments are scheduled to be rolled out in autumn 2015, along with plans to enhance the platform’s collateral management features.

Urs Rüegsegger, group CEO of SIX, commented: "We are proud to be operating the central Swiss money market trading platform used by the financial institutions and the SNB.”

“As part of the Swiss value chain, the SIX money market trading platform constitutes state-of-the-art technology that will help to maintain the Swiss financial system's competitive edge."
← Previous technology article

Pirum to feed data to SunGard
Next technology article →

Dutch pension funds, take note
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Liquidity
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →