Nasdaq Nordic has appointed x-clear as a third central counterparty (CCP) for its cash equity markets, including exchange-traded funds (ETFs). The settlement will take place in the home market of the securities.
The collaboration with Nasdaq Nordic is currently awaiting regulatory approval and other operational arrangements and is scheduled to start on February 20 this year.
Valerio Roncone, head markets and clients at SIX Securities Services, said in a statement that this will help clients extend their clearing consolidation and optimize their post-trade processing.
SIX Securities Services has introduced a new clearing service that allows members to have one net settlement for all trades across all platforms cleared by SIX x-clear.
According to the firm, clearing members of SIX x-clear can use the clearing services seamlessly by switching the trade flow to clear through SIX x-clear.
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