Bank Vontobel opts for SIX Securities Services to clear trades in the Nordic markets
Since February 2017, SIX x-clear, the clearing arm of SIX Securities Services, has been providing expanded interoperable clearing solutions for Denmark, Finland and Sweden. Now Bank Vontobel will clear its Nasdaq OMX trades via SIX x-clear starting mid-April 2017.
In using SIX x-clear’s comprehensive clearing services for transactions on the Nasdaq Nordic trading platforms, Bank Vontobel is able to benefit from cross-venue netting and the cross-margining of risks. In addition, this change represents an optimal solution with regard to costs, risks and liquidity.
Peter Camenzind, Head Transaction Banking, Bank Vontobel: “The key factor for us and our decision was the “One-Stop-Shop” approach – the fact that we can get everything from a single source as well as to access to SIX Securities Services’ specialists who have in-depth knowledge as a result of their many years of experience.”
Valerio Roncone, Head Markets & Clients, Member of the SIX Securities Services Management Committee, is certain that “with our expertise, especially in the area of Cash Equity clearing, we can provide Bank Vontobel significant added value, so that all the benefits of an integrated offering – from clearing through to settlement, custody and beyond – can be further optimized.”
Vontobel’s mission is to protect and build the wealth our clients have entrusted to us over the long term. Specializing in active asset management and tailor-made investment solutions, we provide responsible and forward-looking advice. In doing so, we are committed to Swiss quality and performance standards. With their good name, our owner families have stood by these principles for generations. As of 31 December 2016, Vontobel held over CHF 195 billion of client assets. Around 1,700 employees worldwide provide first-rate, customized services for clients with an international focus. The registered shares of Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families and the Vontobel Foundation hold the majority of shares and votes in the company.