Manage fragmented liquidity

Manage fragmented liquidity

SIX Securities Services increases market coverage through connection to GETCO Execution Services

The clearing arm of SIX Securities Services, SIX x-clear Ltd, today announced that pending regulatory approval in September 2012, its fully interoperable clearing and risk management services will be available through GETMatched Europe. This step by SIX Securities Services underpins the expansion efforts undertaken by SIX x-clear Ltd throughout 2012 – the main reasons for the company’s strong mid-year figures.

With a 130% increase in transaction volumes during the first six months of 2012, the clearing arm of SIX Securities Services has reported a new record for its services.

By adding connectivity to GETCO Execution Services’ GETMatched liquidity, SIX x-clear Ltd’s customers can better manage fragmented liquidity in the European equity markets. Through this move SIX x-clear Ltd once again confirms its commitment to interoperability, transparent competition and more importantly, to fully catering to client needs.

GETMatched is the centrally cleared liquidity pool owned and operated by GETCO Execution Services, the client services arm of GETCO, a leading global market-maker. GETMatched matches brokers’ orders with passive flow from GETCO’s European market-making operation.

Commenting on the news, Tomas Kindler, Head of Clearing Relations explained: “This step represents the logical expansion of market coverage by SIX x-clear Ltd in order to address client demand for further consolidation. We are looking forward to working with GETCO and are eager to open up new frontiers throughout the second half of the year.”

We are very pleased to welcome SIX x-clear as an additional clearing house to GETMatched Europe,” said Virginie Saade, Director of European Sales. “Adding a leading and fully interoperable clearing service provider such as SIX x-clear allows our clients to access a broader range of tools and choices in order to manage their pan-European trading activity.”