05 August 2008 Company Announcements

 

SIS x-clear to provide clearing services for SWX Swiss Block

SIS x-clear has extended its services to provide clearing for SWX Swiss Block, the non-displayed liquidity service from SWX Europe.

SWX Europe, the London-based securities exchange owned by SWX Swiss Exchange, is due to launch SWX Swiss Block, a non-displayed liquidity service for Swiss blue-chip equities, in early August.

In addition to SWX Europe's existing public limit order book, SWX Swiss Block should allow market participants to execute wholesale business anonymously and in bulk with reduced market impact. SIS x-clear already serves as the CCP for SWX Europe and SWX Swiss Exchange.