Switzerland’s stock exchange – owned and managed by SIX – announced that it is building a fully integrated trading, settlement and custody infrastructure for digital assets. SIX is fully regulated as an operator of Financial Market Infrastructure (FMI) by Swiss Authorities, FINMA and the Swiss National Bank, and intends that the planned ‘digital asset ecosystem’ – SIX Digital Exchange (“SDX”) – will enjoy the same standard of oversight and regulation.
According to Jos Dijsselhof, CEO SIX, “This is the beginning of a new era for capital markets infrastructures. For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”
Bridging the gap between traditional financial services and digital communities
SIX Digital Exchange will be the first market infrastructure in the world to offer a fully integrated end to end trading, settlement and custody service for digital assets. The service will provide a safe environment for issuing and trading digital assets, and enable the tokenization of existing securities and non-bankable assets to make previously untradeable assets tradeable.
The hunt for value in a commodity industry. Where do post-trade services go from here?
As the services the industry provides become increasingly commoditized – clearing, settlement, custody, collateral management, fund processing are just some cases in point – new and more nimble players are entering the spaces the industry once defined.
Are new technologies really going to reshape the securities services industry over the next decade?
Will robots now start talking to our clients?
Artificial Intelligence (AI) is rapidly becoming an integral part of client experience across a range of industries – some experts estimate that AI will have surpassed human intelligence by 2019!
Technology – driver of tomorrow’s post-trade world?
Post-trade service providers, driven by the growing importance of technology and evolving investor needs, are undertaking major reviews and upgrades of their system and operations environments.
The challenge of duplication
Thomas Zeeb, CEO, SIX Securities Services, was the recipient of Global Custodian’s Lifetime Achievement award earlier this year. Here he speaks with Richard Schwartz about whether the post-trade world can move beyond the search for scale.