Swiss market infrastructure company SIX has launched a new clearing platform, underpinned by technology from Nasdaq, for the Nordic markets. The platform, which has been integrated into the SIX Post Trade Architecture (PTA), will enable the clearing of 10 million trade legs per day, with SIX expecting an increase in the number of cleared trades in the future.
The upgrade aims to provide continued enhancement of the IT infrastructure, higher reliability, and increased functionality and processing capabilities. As the next step of its evolution, SIX intends to extend the markets and trading venue coverage for Swiss clearing onto this new platform.
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