STOCKHOLM, Sweden, July 12, 2018 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today announced a new contract
to deliver its clearing and real-time risk management technology via the Nasdaq Financial Framework to SIX x-clear, one of Europe’s leading providers of clearing services. The
technology will power SIX’s clearing of pan-European equities and Nordic derivatives.
SIX already uses Nasdaq’s matching engine technology for the trading of equities, ETFs, structured products, funds and fixed
income, in addition to SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management. Nasdaq is also in the process of
implementing the Nasdaq Financial Framework index technology to support SIX’s growing index business, including the SMI.
“With the ambition to provide our clearing members with the most sophisticated and efficient infrastructure, we will consolidate
and renew our clearing infrastructure to strengthen our efficiency and to decrease operational complexity,” said Thomas Zeeb, Head
Securities & Exchanges, Member of the Executive Board, SIX. “We are happy to collaborate with Nasdaq, a long-trusted partner. We
are certain that the new clearing infrastructure will provide our clients simplified and efficient access to markets and asset
classes.”
“SIX is an important central infrastructure provider, offering outstanding products and services for securities trading, stock
market transactions, financial information and payment transactions,” said Adena Friedman, President and CEO, Nasdaq. "By
leveraging our Nasdaq Financial Framework for the pan-European clearing business, SIX will be providing its clearing members with
an integrated and streamlined experience. We are proud to support SIX’s growth ambitions through this important, long-term
relationship.”
Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance
systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the
Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About SIX
SIX operates and develops infrastructure services in the Securities & Exchanges, Payments and Financial Information business units
with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center.
SIX is owned by its users (127 banks). With a workforce of some 4,000 employees and a presence in 23 countries, it generated
operating income in excess of CHF 1.9 billion and Group net profit of CHF 207.2 million in 2017.
In the Securities & Exchanges business unit SIX offers its customers in Switzerland and around the world a comprehensive range of
exchange services – listing, trading and post-trade solutions – from a single source. In doing so, SIX combines the dynamism of one
of Europe's foremost stock exchanges with the stability and reliability of one of the most respected post-trade service providers
in the industry. www.six-group.com
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public
company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market
value of approximately $13 trillion. To learn more, visit http://business.nasdaq.com.
NDAQG
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