SIX Closes on Oslo Clearing Deal

SIX x-clear, the clearing arm of SIX Securities Services, has completed its acquisition of Oslo Clearing, which was first announced in December 2012.
By Jake Safane(2147484770)
SIX x-clear, the clearing arm of SIX Securities Services, has completed its acquisition of Oslo Clearing, which was first announced in December 2012.

SIX acquired the clearing firm from Oslo Brs VPS group for about 180 Million Norwegian krones.

For what Oslo Clearing calls “some time,” it will maintain its current CCP license and activities as a Norwegian entity under current legislation until SIX x-clear completes full consolidation of the company.

As a result of the deal, SIX estimates it will see a 25% increase in clearing volumes.

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