SIX Digital Exchange Appoints Tim Grant as Head of Business

The SIX Digital Exchange (SDX) announced this week that it had appointed Tim Grant as its new Head of Business, signifying the company’s commitment to strategic growth.

Joining the digital Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term with more than two decades worth of experience in technology and management, Grant has been recruited by SDX to drive the firm’s next phase of growth, the company revealed on Wednesday.

Grant joins the exchange at a time when it is developing its full integrated issuance, trading, Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, and custody infrastructure for digital assets. The company will utilize his experience in delivering and operating enterprise-grade distributed ledger solutions for financial services to help it achieve this.

SDX: Grant’s background is essential for development

Commenting on the appointment, Thomas Zeeb, Head Securities & Exchanges at SIX and Chairman of SDX, said in the statement: “Tim has a comprehensive background in both the new and old worlds of capital markets innovation."

“This background is an essential prerequisite to successfully lead the development of SDX and to fulfil SIX’s growth ambition to build the financial ecosystem of the future. We are pleased to have him on board and look forward to working with him to execute our vision.”

During his career, Grant has held several senior positions, such as being the Chief Executive Officer (CEO) of the R3 Lab and Research Centre, as well as being a Managing Director at UBS O’Connor and UBS Investment Bank. More recently, he was the Founder and CEO of DrumG Technologies.

As the Head of Business, Tim will drive SDX’s vision of aiming to create a whole ecosystem that is expected to “transform the financial services industry,” the company said, in addition to building the world’s first fully-regulated end-to-end DLT based digital asset exchange.

“I am very excited to join the leadership team at SDX as they aim to launch the world’s first end-to-end digital exchange. The team has already made huge progress and I’m looking forward to contributing my experience and working with our institutional clients around the world to continue the growth and expansion of the next generation of financial market infrastructure,” added Grant in the statement.