SIX x-clear has received approval for pan-European clearing services. SIX x-clear has been provided final grant by the Swiss National Bank, FINMA and the U.K.’s Financial Services Authority to expand its clearing offering.
SIX x-clear, which currently acts as the central counterparty for the SIX Swiss Exchange and the London Stock Exchange, will be able to expand to other European stock exchanges. The firm has been in discussions with the three regulators for the past two years.
Click here for the release from SIX x-clear.