1Trading

Exchange members send their buy and sell orders to SIX’s electronic trading platform. Trades are executed automatically in accordance with precisely defined rules.

2Clearing

Trading parties deposit collateral at SIX’s clearinghouse. SIX acts as the central counterparty between buyers and sellers and guarantees the settlement of outstanding claims.

3Settlement

Two days after the trade takes place on the securities exchange, SIX automatically and irrevocably delivers the securities and executes the payment.

4Custody

Centralized electronic custody of securities facilitates administrative services such as carrying out equity splits, capital increases and dividend payments.