Swiss Exchange May Enter Derivatives Clearing as Demand Rises
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SIX Group, the operator of the Swiss stock exchange, is considering clearing derivatives trades as regulators urge banks to make more use of the service, according to Thomas Zeeb, chief executive officer of SIX Securities Group.
“We are looking at whether it makes sense to do derivatives clearing,” Zeeb said in an interview yesterday in Zurich. “Anyone in the infrastructure space who has ambitions on the pan-European level will take a look at it even if only to decide let’s take it off the table. We are all in a competitive space.” SIX Securities encompasses the post-trade businesses of the Swiss bourse.