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."
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