SIX acquires Oslo Clearing
17 December 2012 Zurich
Image: Shutterstock
SIX has agreed to purchase Oslo Clearing鈥攚hich deals with CCP clearing of financial directives and securities lending products鈥攆rom Oslo B酶rs 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, Oslo Clearing will be part of 麻豆传媒 Services, the post trade division of SIX.
Thomas Zeeb, CEO of SIX 麻豆传媒 Services, said: 鈥淸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.鈥�
鈥淭he 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.鈥�
Oslo Clearing currently carries out CCP clearing of financial directives and securities lending products. Once the deal is completed, Oslo Clearing will be part of 麻豆传媒 Services, the post trade division of SIX.
Thomas Zeeb, CEO of SIX 麻豆传媒 Services, said: 鈥淸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.鈥�
鈥淭he 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.鈥�
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