SIX has announced the acquisition of Baymarkets AS to accelerate innovation within its clearing business and strengthen its position as a prominent pan-European provider of post-trade solutions. While financial terms were not disclosed, the transaction represents a significant step in the company’s strategy to deliver integrated, digital solutions. The integration of Baymarkets’ technology will enhance the SIX product portfolio, providing a future-proof derivatives clearing platform capable of scaling with the company’s growth ambitions.
Founded in 2007 and headquartered in Oslo, Baymarkets specialises in clearing platforms for both exchange-traded and OTC markets. Its systems offer a robust risk model covering multiple currencies and asset classes. Rafael Moral Santiago, Head of Securities Services at SIX, stated that combining Baymarkets’ innovative systems with the existing infrastructure will speed up the modernisation of clearing technology, ultimately delivering faster and more flexible services to market participants across Europe.
Subscribe to our newsletter
