PwC Switzerland collaborates with Baymarkets on post-trade and clearing solutions
29 April 2020 Zurich
Image: OleksiyMark/Shutterstock
PwC Switzerland has teamed up with Baymarkets AS, the provider of independent post-trade clearing systems, to deliver global post-trade and clearing solutions.
The joint business relationship will combine the “practical know-how, experience and skills of both companies to design, implement, deliver and operate post-trade and clearing solutions to the highest standards in the financial markets”.
PwC said this includes the Baymarkets real-time clearing Clara platform; knowledge and experience of providing both exchange and over-the-counter trading and clearing technology, across multiple asset classes.
Building on previous collaborations within the risk and post-trade marketplaces, PwC Switzerland and Baymarkets will extend their traditional post-trade collaboration, to also explore possibilities within the newer digital and crypto markets over the coming months.
Martin Liebi, head of capital markets at PwC Switzerland, commented: “We are very pleased to announce this collaboration. We see a number of opportunities to work together combining the strength of our expertise and their globally-established Clara platform to respond to new opportunities, within the traditional marketplace, as well as emerging markets and technologies.”
Tore Klevenberg, CEO of Baymarkets, added: “The combined power of PwCs unparalleled global network of financial markets experts and Baymarkets expertise and longevity in delivering solutions in the post-trade and clearing space, will provide leverage to enable both organisations to identify mutually beneficial opportunities and deliver solutions for this important part of the trading value chain.”
The joint business relationship will combine the “practical know-how, experience and skills of both companies to design, implement, deliver and operate post-trade and clearing solutions to the highest standards in the financial markets”.
PwC said this includes the Baymarkets real-time clearing Clara platform; knowledge and experience of providing both exchange and over-the-counter trading and clearing technology, across multiple asset classes.
Building on previous collaborations within the risk and post-trade marketplaces, PwC Switzerland and Baymarkets will extend their traditional post-trade collaboration, to also explore possibilities within the newer digital and crypto markets over the coming months.
Martin Liebi, head of capital markets at PwC Switzerland, commented: “We are very pleased to announce this collaboration. We see a number of opportunities to work together combining the strength of our expertise and their globally-established Clara platform to respond to new opportunities, within the traditional marketplace, as well as emerging markets and technologies.”
Tore Klevenberg, CEO of Baymarkets, added: “The combined power of PwCs unparalleled global network of financial markets experts and Baymarkets expertise and longevity in delivering solutions in the post-trade and clearing space, will provide leverage to enable both organisations to identify mutually beneficial opportunities and deliver solutions for this important part of the trading value chain.”
Next clearing and settlement article →
Euronext to build post-trade services through Danish CSD acquisition
Euronext to build post-trade services through Danish CSD acquisition
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 Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
.jpg)