Repo platform launch for SIX

SIX has gone live with its new repo trading platform CO:RE to provide a single point access to over 160 Swiss domestic and international clients.

SIX, whose repo clients include Barclays, Deutsche Bank and Swiss National Bank, aims to incorporate functionality, account for regulatory requirements as well as provide increased flexibility for future requirements with the new platform.

The new technology provides monitoring of collateral on a real time basis as well as forecasting a projection period of five days.

Thomas Zeeb, division CEO SIX Securities Services said, “We are delighted by the successful launch of this platform for the Swiss financial market.

“We are also excited by the potential that this platform offers our clients – including the SNB – to support and manage liquidity and regulatory requirements for Switzerland. This is in complete alignment with our strategy to safeguard and grow the attractiveness of Switzerland as a competitive market for financial investment,” Zeeb added.