
SIX x-clear Ltd is part of the corporate
group SIX Group Ltd, the integrated Swiss
financial market
infrastructure provider. As Central Counterparty (CCP) SIX x-clear offers clearing and risk management
services for SWX Europe, SIX Swiss Exchange and London Stock Exchange.
SIX
x-clear acts now as Central Counterparty for LSE
We are pleased to announce that on 12 December
2008 we received the first trade information flow from the London Stock Exchange (LSE) to allow for
the clearing of executed transactions for the UK market. The receipt of the information, provision of
netting and risk management were smoothly accomplished, resulting in a successful first day of settlement
on Wednesday, 17 December 2008.
This move allows SIX x-clear members
to benefit from
economies of scale by clearing both their Swiss and UK transaction flows through the same CCP.
We
are confident that more and more customers will take the opportunity to clear their transactions through
us in the future.
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