SIX Securities ServicesRSS

Vontobel pioneers SIX Securities Services’ Advanced Settlement solution

Vontobel

Swiss wealth manager Vontobel has become the first taker of SIX Securities Services’ Advanced Settlement offering.

SIX teams with DTCC to issue legal entity identifiers in Switzerland

Switzerland

SIX Securities Services, which runs the central securities depository (CSD) for Switzerland, is partnering with the Depository Trust & Clearing Corporation (DTCC) to offer legal entity identifiers (LEIs) for Swiss entities. According to SIX, LEIs were devised to provide insight into corporate entities with the aim of reducing cross-platform risk exposure. By providing LEIs together, […]

SIX picks IBM Watson for cybercrime fight

Switzerland

SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]

SIX Securities Services unveils blockchain based bond issuing solution

In today's blockchain news: Digital Asset Holdings and SIX Securities Services

SIX Securities Services, Switzerland’s post-trade market infrastructure says it has developed – “and intends to deploy” – a new bond issuing solution based on the distributed ledger technology (DLT).

SIX Securities Services and Clearstream team up for European post-trade boost

Clearstream_logo

Post-trade firms SIX Securities Services and Clearstream are partnering to potentially provide services to the Swiss and European markets. Both firms recently signed a letter of intent and are now focused on fleshing out the details that will lead to a memorandum of understanding targeted for mid-December. This signing will clear the way for a […]

ISSA sets out financial crime principles for securities

SIX Securities Services - Robert Almanas

The International Securities Services Association adopted a set of compliance principles to address the “critical challenges” posed by financial crime. The new principles aim to establish “a clear global standard for the opening and maintenance of cross-border securities accounts”.

T2S goes live after nine years – without Italy

T2S is the European Central Bank project to harmonise post-trade

Target2-Securities, the European Central Bank project to harmonise Europe’s post trade infrastructure, has finally gone live after nine years of preparation. Italy’s Monte Titoli was not part of the first wave.

EU financial markets – from fragmentation to harmony?

Kindler_Tomas_32

Consolidation of market infrastructure in Europe will continue, as firms choose post-trade service providers that meet their needs in terms of cost-effectiveness or value-added services. However, some of the real cost issues in Europe are still to be addressed.

T2S: time to seize the day

SIX Securities Services - Robert Almanas

To prepare for the overhaul to settlement in Europe, financial institutions need to face up to T2S and work closely with their settlement service providers to ensure that they maximise the business benefits. It’s time to seize the opportunities presented by the T2S initiative.

Securities settlement: the guessing game

T2S

With implementation of Europe’s Target2-Securities beginning in 2015, financial institutions are still defining their strategies and business models. Some questions remain to be answered.

@banking
techno