SIX Securities Services partners with Prague Stock Exchange
The clearing arm of SIX Securities Services, SIX x-clear Ltd, has signed a Memorandum of Understanding (MoU) with the Prague Stock Exchange (PSE) to become the international clearing house for the Czech market
Urs Wieland, CEO SIX x-clear Ltd, commented: "We are delighted with our progress since the new interoperability framework was finally cleared this year, and we very much look forward to working with our partners in Prague."
Tomas Kindler, Head Clearing Relations SIX Securities Services, added: "This is yet another important step for SIX Securities Services towards full European expansion, underpinning our superior coverage of primary exchanges. We are very pleased to offer our clients the option to consolidate another market and are fully committed to further extend our services in the Central & Eastern Europe (CEE) region."
Read more: http://www.six-securities-services.com/dss/index/clr-clearing.htm
SIX Securities Services
SIX Securities Services specializes in post-trade activities. Its services are available both for the domestic Swiss market and international markets. These services include Custody (domestic and international), CCP Clearing, Risk Management, Real-time Settlement (including real-time realignment of holdings), Collateral Management and Share Registration services. www.six-securities-services.com
About SIX Group AG
SIX Securities Services is a subsidiary of SIX Group. On a worldwide scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions. www.six-group.com