SIX x-clear and BME Clearing to merge into a single pan-European CCP
The offering - called SIX Clearing - will make use of BME Clearing’s existing EU license to gain access to ECB liquidity and key EU market infrastructures.
The offering - called SIX Clearing - will make use of BME Clearing’s existing EU license to gain access to ECB liquidity and key EU market infrastructures.
Integration of Oslo-based platform expected to modernise derivatives clearing and expand post-trade capabilities.
Less than a third of respondents in The ValueExchange’s new survey said they were uncertain whether their service providers will be prepared to support the shift.
The investment management giant has also invested in the fintech to support the firm’s next phase of growth.
The news aligns with increasing demand for regulated crypto derivatives products for institutional clients across the industry.
The service launch follows a successful proof of concept involving 13 sell-side FX options desks.
The ECB has confirmed that it will make both moves in Q1 2026.
Initial focus on a new Saudi collateral management service to enhance local market liquidity and automation.
The TRADE sits down with Gary O’Brien, head of bank and broker segment strategy, securities services at BNP Paribas, to explore the upcoming shift to T+1 in Europe, how this may impact the industry, and look ahead to how this will align with further developments in the markets.
BNP Paribas, Deutsche Bank, JP Morgan and Morgan Stanley are among the banks taking a 20% ownership stake, in exchange for £170 million in the deal.