SIX x-clear is set to launch preferred clearing services for Euronext market participants in Paris, Amsterdam, Brussels, Lisbon, Dublin and Milan.
This initiative aims to enhance market interoperability and encourage competition within European financial markets. Through expanding its clearing services, SIX seeks to improve market efficiency, reduce counterparty risk, and streamline trading operations.
Starting in March 2025, trades executed on Euronext markets in these locations will have access to SIX x-clear’s preferred clearing services, with Euronext Italy scheduled for integration by Q2 2025.
Laura Bayley, head clearing services at SIX, said: “This expansion of our connected platforms marks a significant achievement for SIX. We are pleased to further demonstrate our commitment to enhancing efficiency and creating value for our members.”
Bayley added: “By offering an additional choice of CCP, we are confident that this will boost transparency, sustainability, and resilience within the financial sector.”
SIX will utilise its clearing infrastructure and risk management systems to facilitate secure and efficient trading across Europe.