SIX and Euroclear team up
Under the cooperation agreement, the pair say that clients will benefit from enhanced service quality and processing efficiencies that SIX and Euroclear are delivering by bringing together order routing and unit settlement on a single platform for all types of fund transactions. The products offers "specialist hedge fund know-how" and integrated reporting across asset classes.
"This open-architecture cooperation between two infrastructure powerhouses comes at a time when regulatory changes like Mifid II, AIFM directive and Ucits V, are pushing our industry towards greater processing certainty, asset protection and related portfolio transparency." Tim Howell, CEO of Euroclear said.
Clients of both SIX and Euroclear will benefit from market proximity and significant cost savings through processing standardisation and the reduction of risk through the straight-through processing of transactions.
"This is, effectively, two partners you can trust – delivering services out of one hand," said Thomas Zeeb, CEO of SIX Securities Services.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you