The clearing arm of SIX Securities Services, SIX x-clear Ltd, today announced that its fully interoperable clearing and risk management services are now available on Turquoise. With this step, the highly recognized clearing house continues its rapid European expansion after becoming interoperable on BATS and Chi-X earlier this year.
Since signing the interoperability agreement in May 2011, SIX x-clear Ltd, the clearing arm of SIX Securities Services, has continued to expand its service offering across numerous trading platforms. Clients have since benefited from greater choice, increased competition and lower end-to-end costs. Now, SIX Securities Services’ clearing arm will now focus on launching interoperable services for the Nordic markets on platforms such as NASDAQ OMX Nordic and Burgundy.
Commenting on the move, Tomas Kindler, Head of Clearing Relations added: “This is another important step towards achieving true competition in clearing and great news for our clients, who can now consolidate their operations across an ever-broadening range of venues. To this end, we will continue our expansion across Europe and look forward to offering our services on even more platforms in 2012.”