SIX x-clear Ltd connects to Goldman Sachs’ SIGMA X MTF further expanding its European platform coverage

SIX x-clear Ltd connects to Goldman Sachs’ SIGMA X MTF further expanding its European platform coverage

In July 2016, subject to the completion of testing and regulatory approval, the clearing arm of SIX Securities Services, SIX x-clear Ltd, will connect to SIGMA X MTF to extend its interoperable pan-European clearing offering. This move by SIX x-clear Ltd offers its clients enhanced platform coverage and settlement netting services.

SIX x-clear Ltd, the leading clearing provider for Switzerland and one of Europe’s biggest clearers, offering services across cash equities, Exchange Traded Funds (ETFs) and fixed income securities, will connect to SIGMA X MTF in July 2016.

For its clients trading on this platform, SIX x-clear Ltd as a central counterparty eliminates the bilateral counterparty risks that occur between trade execution and settlement. Additionally, SIX x-clear Ltd provides its clients with market leading real time risk management capabilities as well as efficient margining and settlement netting functionalities.

SIGMA-X MTF is a multilateral trading facility (MTF) operated by Goldman Sachs International (GSI) since 2011.

With the extension of the SIGMA-X MTF, SIX x-clear Ltd further strengthens its position as the central counterparty of choice for financial market participants as it broadens its platform coverage in Europe.