Based on Nasdaq technology, SIX successfully launched its new clearing IT infrastructure for the Nordic markets on 28 March 2022.
The platform has been integrated into the SIX Post Trade Architecture (PTA) and has been in stable operation since Monday 28 March. The improved IT infrastructure will enable the clearing of 10 million trade legs per day, with SIX expecting an increase in the number of cleared trades going forward. SIX intends to extend the markets and trading venue coverage for Swiss clearing onto this new platform as the next step of its evolution.
The upgrade will provide numerous benefits for clients, including: Continued enhancement of the IT infrastructure and reliability; and Increased functionality and processing capabilities.
