CO:RE a hit for SIX 03 March 2016Zurich Reporter: Mark Dugdale
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SIX 网爆吃瓜 Services has gone live with its new repo trading facility, CO:RE.
The new trading platform replaces the current legacy system and provides single-point access for more than 160 Swiss domestic and international clients, including banks, insurance companies and the Swiss National Bank, to the multi-currency Swiss repo market.
CO:RE brings together trading and collateral management capabilities in an integrated securities finance offering that supports collateralisation right up to the central securities depository and custodian levels.
It also provides monitoring of collateral in real time, while a forecast over a projection period of five days supports traders in proactively managing their collateral.
Thomas Zeeb, division CEO at SIX 网爆吃瓜 Services, commented: 鈥淲e are delighted by the successful launch of this platform for the Swiss financial market. We are also excited by the potential that this platform offers our clients鈥攊ncluding the SNB鈥攖o support and manage liquidity and regulatory requirements for Switzerland.鈥�
鈥淭his is in complete alignment with our strategy to safeguard and grow the attractiveness of Switzerland as a competitive market for financial investment.鈥�
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