SIX to Adopt Nasdaq Financial Framework for Clearing Services
- Nasdaq claims the solution will streamline SIX's clearing services
Nasdaq Inc (Nasdaq), a financial technology provider and Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operator, announced this Thursday that it would be providing Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services to SIX, a major provider of clearing services in Europe. Nasdaq’s risk management solution for clearing services, the Nasdaq Financial Framework, will support SIX’s clearing of European equities and Nordic derivatives.
Although it may be best known for operating the eponymous, New York-based NASDAQ stock exchange, Nasdaq has made further headway in the institutional trading world by providing technology for a mix of financial companies and governmental bodies.
The firm now provides risk management, clearing, and market surveillance technology in over 100 marketplaces across the globe. Its clients range from regulators and central securities depositories to marketplaces and clearing houses.
Streamlining the clearing process
Nasdaq Financial Framework will be integrated into SIX’s existing clearing solutions. Nasdaq claims that, by adopting its risk management technology, SIX will be able to streamline its clients’ clearing processes.
SIX’s announcement comes just a week after it confirmed it would be expanding its clearing services to the cryptocurrency market. Last Friday, the firm stated that it would be launching Swiss Digital Exchange in 2019. The new exchange will provide trading and clearing services to the cryptocurrency market.
Commenting on his firm’s decision to adopt Nasdaq’s technology, Thomas Zeeb, Head of Securities and Exchanges at SIX, said: “We are happy to collaborate with Nasdaq, a long-trusted partner. We are certain that the new clearing infrastructure will provide our clients [with] simplified and efficient access to markets and asset classes.”
Nasdaq Inc (Nasdaq), a financial technology provider and Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operator, announced this Thursday that it would be providing Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services to SIX, a major provider of clearing services in Europe. Nasdaq’s risk management solution for clearing services, the Nasdaq Financial Framework, will support SIX’s clearing of European equities and Nordic derivatives.
Although it may be best known for operating the eponymous, New York-based NASDAQ stock exchange, Nasdaq has made further headway in the institutional trading world by providing technology for a mix of financial companies and governmental bodies.
The firm now provides risk management, clearing, and market surveillance technology in over 100 marketplaces across the globe. Its clients range from regulators and central securities depositories to marketplaces and clearing houses.
Streamlining the clearing process
Nasdaq Financial Framework will be integrated into SIX’s existing clearing solutions. Nasdaq claims that, by adopting its risk management technology, SIX will be able to streamline its clients’ clearing processes.
SIX’s announcement comes just a week after it confirmed it would be expanding its clearing services to the cryptocurrency market. Last Friday, the firm stated that it would be launching Swiss Digital Exchange in 2019. The new exchange will provide trading and clearing services to the cryptocurrency market.
Commenting on his firm’s decision to adopt Nasdaq’s technology, Thomas Zeeb, Head of Securities and Exchanges at SIX, said: “We are happy to collaborate with Nasdaq, a long-trusted partner. We are certain that the new clearing infrastructure will provide our clients [with] simplified and efficient access to markets and asset classes.”