PwC Switzerland has teamed up with Baymarkets AS, the provider of independent post-trade clearing systems, to deliver global post-trade and clearing solutions.
The joint business relationship will combine the “practical know-how, experience and skills of both companies to design, implement, deliver and operate post-trade and clearing solutions to the highest standards in the financial markets”.
PwC said this includes the Baymarkets real-time clearing Clara platform; knowledge and experience of providing both exchange and over-the-counter trading and clearing technology, across multiple asset classes.
Building on previous collaborations within the risk and post-trade marketplaces, PwC Switzerland and Baymarkets will extend their traditional post-trade collaboration, to also explore possibilities within the newer digital and crypto markets over the coming months.
Martin Liebi, head of capital markets at PwC Switzerland, commented: “We are very pleased to announce this collaboration. We see a number of opportunities to work together combining the strength of our expertise and their globally-established Clara platform to respond to new opportunities, within the traditional marketplace, as well as emerging markets and technologies.”
Tore Klevenberg, CEO of Baymarkets, added: “The combined power of PwCs unparalleled global network of financial markets experts and Baymarkets expertise and longevity in delivering solutions in the post-trade and clearing space, will provide leverage to enable both organisations to identify mutually beneficial opportunities and deliver solutions for this important part of the trading value chain.”
