SIX’s multi-currency platform gains MTF status

SIX Securities Service’s CO:RE trading platform is now recognised as a multilateral trading facility.

SIX Securities Service’s multi-currency trading platform has been recognised by Swiss authorities as a multilateral trading facility (MTF).

The Swiss Financial Market Supervisory Authority (FINMA) granted the CO:RE platform MTF status earlier this month.

SIX said the decision marks a ‘further milestone’ in the firm’s ambitions to implement regulatory requirements to the Swiss value chain.

The CO:RE platform operates via the SIX Repo business and the system for repo transactions is currently used by more than 160 institutions.

Thomas Zeeb, division CEO at SIX Securities Services, explained the award of MTF status by FINMA is “part of our long-term strategy for domestic and cross-border repo transactions.”