Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. SIX acquires Oslo Clearing
Latest news
SIX acquires Oslo Clearing
17 December 2012 Zurich
Reporter: Jenna Jones

Image: Shutterstock
SIX has agreed to purchase Oslo Clearing from Oslo Børs for approximately 180 million Norwegian krone. The acquisition is set to close in Q2 2014.

Oslo Clearing currently carries out CCP clearing of financial directives and securities lending products. Once the deal is completed, it will become a part of Securities Services, the post trade division of SIX.

Thomas Zeeb, CEO of Six Securities Services, said: “[Our firm] has, since its inception, been at the forefront of interoperability initiatives in Europe to allow customers to benefit from greater competition and freedom of choice as to who they clear with.”

“The acquisition of Oslo Clearing is complementary to our existing businesses and provides a further expansion of choice, both for existing SIX clients as well as Oslo Clearing clients, who will benefit from single-interface access to additional markets as well as greater efficiencies and economies of scale. Additionally, we see significant opportunities for future product extensions and diversification as part of our post-trade value chain.”

NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today